Monday, September 17, 2012

Gross Obstruction of the Seychelles Central Bank Statutory Independence !

Pierre Laporte Paid a schizophrenic salary??

Last week, a letter circulated by some professionals questioning the “double pay” Minister Pierre Laporte was receiving as a Minister of Finance plus a additional pay from his departing post as Governor of the Central Bank.

Apparently, this fellow Mr. Laporte (door in French), was an IMF staffer in Malawi Africa, and then came to Seychelles to help with the financial collapse in 2008.

At the onset, he presented himself as “Mr. Clean”, which was not hard to do when sized up with Mr. Francis Chang-Leng, Ex- Governor of the Central Bank, who was abruptly released of duties after a number of articles I wrote at the time.


Francis Chang Leng (Junk Bond Establishment)


Severance Pay  My A$$!

In it’s defense, the Central Bank says, the money paid to Mr. Laporte, is “severance pay” that is paid monthly to Mr. Laporte, because he had been asked by Mr. President James Michel to take up the post of Minister of Finance, prior in time to the expiry term of his Six (6) year contract.

Why would the Central Bank of Seychelles, pay severance pay by installments? Because it cannot afford to pay severance within the course of one (1) month.  That means the Central Bank , on Mr. Laporte’s departure, was broke and in the red, it could not fully meet it’s obligations to Mr. Laporte, if any were do. I doubt there was, because leaving the Central Bank for a government ministry post, would violate the independence of the Governor, and would render contract in breach, by Mr. Laporte.

In any case, if the Central Bank of Seychelles, is broke, and it must resort to installments on a contractual severance, then Mr. Laporte, should not have been entitled to severance pay for a job well done in the first place. He should have been fired, by the Board of Governors.

Instead, they allowed him to be appointed Minister of Finance by the Executive Branch. This means he was really doing a reasonable job in PL eyes, and there must be no need for installments of pay on severance. 

It is of course, all a scam, the Central Bank is taking Seychellois for idiots when it says the installment is a severance pay.

In my view, all this shows that we could never  trust Mr. Laporte to retrieve the missing $2.5 Billion IMF says left Seychelles, and the $2.1 Billion the Swiss National Bank says it has in its account from Seychelles Citizens. We will have to make a request to the Swiss National Banks ourselves.

 Paul Chow (Ralph I Told You So)


Central Bank Statutorily Independent

Mr. Paul Chow correctly and dutifully, highlighted in a letter to Today, September 15th, 2012, that under the Central Bank Act, the Central Bank Governor must be independent of the Executive Branch of government. The Board of the Bank pays salaries, and not the President of the Executive Branch.

Hence, taking instruction from the Executive Branch, to secure the post of Ministry of Finance at the will and beckon of the President, Mr. Laporte violated the Central Bank Act.  It is a shame. 

It shows he was working for Michel Administration all along. This exposes, he lacked independence, and hence, violates the Central Bank Act.

While Mr. Chow correctly says this makes a mockery of the Central Bank Act, I believe, it does more than just that: it places in jeopardy the strength of the Seychelles Rupee and the stability of our economy which all investors, all citizens, be they bona fide or fraudulent, rely on, for a living. The stability factor, needed from Independence of a Central Bank for an economy to work well, has been severely compromised. 

Perhaps that explains why the Central Bank is back tracking, and tapping into food reserves to prop up the failing Seychelles Rupee. Just over a month and a half, it is now depreciating again. Tap into another $100 Million to keep it going thru October.

 Securing A Frequent Flyer Card By (Wavel, John, Charles Ramkalawan)

Who are we going to Trust? 

Unfortunately, few people can write on this issue. The SNP asked me to write about it, because they cannot sign their names to such an article. They double dipped a pension scheme of 70% of their last salary for the rest of their lives. For Example, Mr. Wavel Ramkalawan, has taken over Scr. 530,000.00 in pension pay offs since the National Assembly was dissolved . Can he critic Mr. Laporte for a unearned /unwarranted severance pay? Unlikely, since when Mr. Ramkalawan has lived his life, he would have walked off with more money then Mr. Laporte could ever scam as severance pay from the Central Bank.

I will write, and I will sign. I will even add my picture to the article. I will not disclaim anything, because I am Independent. 

People of Seychelles, this is no time to hide and walk the fence, when people are stealing money right under our noses and they call it “accountable and transparent”.
In silence, we pay the price.

We can disclaim a lot of things, but we can never disclaim an opinion. That is pathetic indeed.



May God Bless All Freedom Loving Seychellois!

Seselwa Unite!

Sesel Pou Seselwa!

52 comments:

Anonymous said...

Zot be Francis kinn gange beze komsa, olili sa boug, Melbourne?

Anonymous said...

Reply to Bold face screaming Pathetic-

The opposition is united, under Seychelles Freedom Party (SFP).

This is where the work to bring change in Seychelles is getting done from.

Congratulations Pathetic, you win first prize for posting the first blog comment.

Thank goodness it does not curse and it is not an article.

If it was, we would delete.

As long as you are respectful, your comment remains, even though it looks like it was written by a GOAT from Aldabra.

Please give us your GPS on your Apple laptop using your Apple GPS application.

Seselwa Unite!

Sesel Pou Seselwa!

Christopher Gill
Leader
Seychelles Freedom Party

Anonymous said...

Useless fools! SFP is here to stay.

Anonymous said...

Pissedoff tou sa bon lakel ki ou bon lakel ou enn kabon, ou bann kose iletre napa sense. Jean-Paul is far away from being cowardice, because he alwaus use his name when he writes.
Pissedoff you are a racist lapo blanc pa vo rien dan sesel, ket sa fenm bland kinn marye avec Berlouis, demann li konbien soldats inn over so kartier blan avec avan ki y ti gange Berlouis pou renmaz li. Bann blan fer honte napa faler.

Anonymous said...

by d way me name is Ti-claude

Anonymous said...

If me get time later me tell you da story of our popular monkey docta presidente james michel.

Anonymous said...

Der you go pissedoff, you wanted a story you've got one more to come.

Anonymous said...

me have many, many too much stories, of ralfo, ramkakakamo,bullenget, chowmein and many many plantytomuch stories to tell, so muscht so dat me fingars harting fruom tipping, me need parmission of Mr Gill and Mr Isaac to publiss da rest of me stories, and make dat true stories!!!!!!!!!!!!

Anonymous said...

Thanks SFP for clearing the fog around Pp's contemporary confusion alexicon ,I.E severance pay.Morevoer,Pieere cannot get our 2,5 billion back he is also part of PP's gangsters.In his recent public common when asked why not get the 2,5 billion back Pierre told us He will but by using Tanzanian and Kenya ways.Since when African has ever prove to the world they expert in fighting corruption Pierre?Secondly,on the 12-09-2012,Swiss parliamant passed a law that allows any country inthe world to have access,information etc.. on any bank accounts ,names and other inforamtion on any foreigners if the governemnt of a country ask them.So Pieree,you do not have to waste your time to make inquiries,bringing some foreigners to look into it as Pp like doing but simply contact the Swiss governemnt and you will have the information in 24 hours.
Stop fooling Seychellois PP!
Acountability and transaprency Pierre¨!

Jeanne D'Arc



Anonymous said...

They have been for 35 years, what makes you think it will be any different now. The people have accepted, they seems to love being fooled and used, so why stop now! Go on PP keep stealing your millions, keep selling our land,sell! Sell! Sell! Sell! Sell! and when there is nothing left to sell you can start selling your wives to the Arab like your monkey doctor Excellency fake president is doing. so sell! sell! sell! sell! sell! sell!

Anonymous said...

Of course they would never be able to stop their theft voluntarily it has become endemic,national folkfore for Pp thieves that they do not hesitate,and ashame to rob us in day light.Roseline 6 million he is still walking our streets in military uniform without fear and feel even proud of his theft.Cheng- leng a few million in Lehmann brothers scam.Morgan 2,4 million,Dugase few thousands for his GUCCI clothes,and that is not limited to those name above only, the epidemy has spread in all our institutions control by PP thugs.

Time for regime change.

Jeanne D'Arc

Anonymous said...

where de staries @....block up, bring out, show em bwayz dey na mar av cantrol an us!!

jah bless

Anonymous said...

You are just getting pisst off piss bite your tounge or hang yourself.

Anonymous said...

Were the hell is Cheng leng,Dugasse and others were are their hiding those mafia.

Anonymous said...

These Mafia's are hiding in Melbourne Australia together with Patrick, Francis's brother.

Anonymous said...

BRING THEM BACK HOME FOR JUSTICE.

Anonymous said...

Just give us their address. We will write to Australian government.

Anonymous said...

130,000 viewers on reality including that moron who is calling for a boycott.Keep it up SFP.That idiot does not realise that he is increasing the numbers with his comments.......keep posting idiot,we love it!

Anonymous said...

pa lot ki kakalawan.

Anonymous said...

Piss you sound all time like a wounded animal have a visit at veterinair BOURIK.Now you trying to make a fun with this word boycott.piss ou kanmi pou pouri.

Sfp suppoter.

Anonymous said...

non mon dallon pas kakalawan ki dir, Ramkakakamo! welelelelelele!

Anonymous said...

Fake suicide notes is the day it happen to one of your children, your mother, your sister or even your grandchildren. My family fall apart because of it, lets hope that yours does not fall apart if it should happen within your family.
God is great so is karma! what goes around comes around, I have paid the alternate price of what I thought was freedom, now I live with regrets.
Let's hope your blood money keep you and your family safe, because blood money could not keep one of Rene's daughter safe, she was raped at La miere by one of his soldiers, I believe she now reside in south africa. but at least she is still alive, mine is gone, drown, dead. Guard yours with your life before you boycott our freedom of speech. Typical red and green wants to abolished freedom of speech.

ex-soldat rene

Anonymous said...

Boycott SNP it says, so it is typical PL then, who wants to carried out the boycott of freedom of speech.

Anonymous said...

Wavel needs to get up from his comfortable leather chair and write a letter to the authority in Australia and asked that Patrick and françis chang chang whatever their surnames, make a report and warned Australian Government that they have maffia from seychelles in their country.about fifteen years ago Patrick was in for tax fraud.

Anonymous said...

Give us the names and address in Australia.

SFP will write the letter.

Anonymous said...

There is real justice in Australia that is why you have abandoned one of your own to the fate of the Swedish fake justice system. OH! I am sorry, the aborigin did showed more humanity by issuing him with a native passport.

A FREEDOM LOVING SESELWA

Anonymous said...

Piss we are coming to bring freedom to Seselwa its a matter of time there will be no more joke.

Anonymous said...

Voler Pe Vey Voler-

Indeed 100%!

Anonymous said...

Zot, be ki sa $1BN DEAL? cable and wireless ki Morgan pe fer, any news? any one?

Anonymous said...

Zou kami ki fer li servi sa mo boycott.let this maron he can write what ever he like but he can not stop us now.

Vive SFP for change.

Anonymous said...

Vive SFP For Change!

Anonymous said...

One post per person please at a time.

Don't be greedy like when you pocket 70% of your salary for life as pension and now you earn 34,000.00 per month for the rest of your life PL style.

How much have you collected? Scr. 540,000.00 already?

Wow.

Bye Boyo-cot!

PL will find some use for you.

People of Seychelles: Chill, SFP is here to do the job and clean up the mess.
Seselwa Unite!

Sesel Pou Seselwa!

Christopher Gill
Leader
Seychelles Freedom Party

Anonymous said...

It seems that most people who are SNP orientated are also tradition-orientated of SPUP.
Perhaps this explains the battle for (kaka dan ton latet boycott)

For this reason I have written this poem which I blogged last evening. I have written this poem for awareness among us younger generation population.
Teens at my age do not understand politics (unless it’s something parents discuss at home like mine do) so I hope through poems or songs will get the message through to them. I believe that it is never too young to show interest and to participate in one’s country welfare and human rights.

By this I most emphatically do not mean that there is any claim to its liturgy being a direct descent of SNM. (Seychelles National Movement)

There are many people from democrat and SNP who seem, very obviously, to have some tragically change of heart and mind by crossing and crawling into SPUP bank account of blood money.

They are the sorts who will do anything for cash and fake prestige (if you may call it) and who also like to demonstrate their blood tarnish fortune, and also their evils hungry powers etc..

Some may feel somewhat (like Bullet, Wavel and Chow) envious of such people. Yet they should not feel that way, for these powers that these people have are from misery, pain, tears and blood of our Seychellois brothers.

It is for this reason that my parents, uncles, aunties and the rest of my family have become full supporters of SEYCHELLES FREEDOM PARTY.

Therefore as a sign of my birth right, I take upon myself the right to choose the party I can trust and believe will put people’s welfare, and the success of our country first before pleasures of foreigners.

Henceforth it is the reason why I chose to be SFP supporter. I hope they accept me. I may be fifteen years of age but I have a mind of my own to see that this country needs change and needs it fast.

My name is Lisa Marie, I live in Sydney Australia with my parents and my two other siblings.
Writing this in library class got to go before I get caught.

@ The leader of SFP, Mr Gill, I will rewrite this poem for you at my lunch break so you may use it in your papers.
Keep well, and stay focus
regards Lisa Marie

Anonymous said...

Lisa
SNP.NDp Boulle Chow ,mancham are all Gate keepers of PP fortress.Those Pp gate keepers are just there to wring their hands and tacitly promote helplessness,despair,discouragement and most of all,inaction.The technique they use ,operates like that of double agent in the espionage game.Just as the double agent must give up waht appears to be some very valuable secrets to buy credibility,so,too,must the counterfeit oppostion leaders and sttoges make now and then some poopycock arguments agaisnt theactions of thier paymaster with the sole aim of disguising themsleves.

No savior is going to come from within the bowels of this rotten system.Like one of a teachers used to say"if you leave rotten meat out,expect maggots",But,donot blame the maggots they are doing what the intended to do (fake)That is how the whole wretched system looks.They are paid to create division for their survivla depend on it.

Jeanne D'Arc

Anonymous said...

The person responsible for BOYCOTT. Because you don't have a name my Uncle Sam have named you Kaka dan ton latet, I hope you like your new name, I do. Kaka dan ton latet, here is a poem for you,

Change
You can try to boycott
or do what you wanna do
SFP will always be here
and the change will happen
whether you like it or not

you may try denying SFP of their right
you may also curse them if you wish
but SFP will remain strong as ever
and change will happen

If you want to become
the most despised creatures
by all mean the choice is yours
but SFP will always demand justice
and change will happen

You may become SFP’s enemy
you may scream ‘BOYCOTT’
as many times as you want
SFP are not worried about your petty boycott

So go where you will
scream at the top of your lungs
your lungs may collapse
SFP will still be here
their love for Seychelles is unchanging

Abuse others, abuse yourself, abuse SFP
SFP are the people’s voice
their determination is unchanging

SFP is not about to give up their right
just because you say so
they might criticized you (for the moron that you know you are)
but they will not fail the country

no matter what you do or say
no matter how many times you scream ‘BOYCOTT’
SFP will not hide or run
SFP is here to stay
determination runs in their veins
ever stronger

tomorrow if you should change your mind
they will forgive and accept you
because they are genuine people
who wants best for our country
the welfare of our generation is important to SFP

So rest assure that change will happen
whether you like it or not

CHANGE WILL HAPPEN

Anonymous said...

CAHNGE WILL HAPPEN¨!No doubt about it.When patterns are broken,new worlds emerge.Like Publilius Syrus once said"it is a bad plan that admits no modification".

Jeanne D'Arc

Anonymous said...

Why should I listen to you and boycott Gill and Isaac?

Anonymous said...

Poppycock?

I see you've learnt a new word today. Use it wisely!

Anonymous said...

I have learned a new word for i want to keep progressing.Pp also i was told learn a word namely (greenwashing)in the book of Mr FOULKES .The later descripted Glenny coruption practices with precision that FAR might wake up from his coma.This is the kind of inforamtion pp wants to avoiud getting to the people for it shows how corrupt PP thugs are .Pp of course feel embarrassed for ,or years they been lying to the people and the way SFp and other independent press put them naked they probably realesing that their time is coming.

Jeanne D'Arc

Anonymous said...

Heya i am for the first time here. I found this board and I find It
truly useful & it helped me out much. I hope to give something
back and aid others like you aided me.
my web page :: weight loss methods

Anonymous said...

Јust desire tο sаy уοur artіcle iѕ
аs astоundіng. Тhe clеarness to youг put up іѕ sіmply spectacular and thаt i can supρose you
arе a pгоfeѕsional on this subjеct.
Fine ωith your permissіοn allow
me to grab уour feed tο keep uρdated with
dгawing close post. Thаnkѕ a million аnd please
continue the gratifуing ωork.

my web page; muscle stimulators
Also see my page > tens units during Pregnancy

Anonymous said...

I know thiѕ web sitе provides quality ԁepending аrtіcles
and additional informatіοn, is therе any
other web pagе whiсh рreѕents such things in quality?


My blog poѕt: irving texas taxi

Anonymous said...

Ηello Theге. I discovereԁ
yοur blog uѕing msn. This is an еxtгemely ωell
written articlе. I'll make sure to bookmark it and come back to learn extra of your useful info. Thank you for the post. I will certainly comeback.

Visit my web blog :: how to buy and sell cars for profit

Anonymous said...

Do you minԁ if I quote a few οf your posts as long aѕ I pгovide cгedit and sοurces
back to yоur ѕite? My website is in the exact same area of interеst аs yоurs and my visitoгѕ
would гeally benеfit fгοm a lot of the information you provіde hеre.
Pleаse let me know if this alright with you. Сheers!


Visit my webρаge ... dallas seo consultants

Anonymous said...

I woulԁ likе to thank you for the еfforts yоu haνe ρut іn
ωгiting this ωebsite. I reallу hоρе to see the ѕamе high-grade blog ρosts from you later on as well.
In truth, yοur creative writing abіlitiеs has inspirеԁ
me to get my own website now ;)

Lοok at my web-site Dfw seo

Anonymous said...

My famіly every time sаy that I am killіng
my tіme here at web, but ӏ know I am gettіng know-hoω daily by
reading such nice posts.

Visit mу ωeb-sitе :: seo company dallas tx

Anonymous said...

Hi, its ρlеaѕant aгtiсlе
about media print, we all be аωare of media is a fаntastiс ѕοuгсе of
information.

my ρаge: http://Www.realestateva.org/

oakleyses said...

chanel handbags, gucci handbags, tiffany jewelry, jordan shoes, polo ralph lauren, christian louboutin shoes, christian louboutin outlet, oakley sunglasses, kate spade handbags, oakley vault, prada outlet, nike free, louis vuitton outlet, coach purses, coach outlet, kate spade outlet online, louboutin shoes, coach outlet, polo ralph lauren outlet, coach outlet store online, nike shoes, michael kors outlet, louis vuitton, longchamp handbags, michael kors outlet online, michael kors outlet store, longchamp outlet, michael kors outlet online, louis vuitton outlet online, tiffany and co jewelry, burberry outlet online, nike air max, prada handbags, louis vuitton handbags, michael kors outlet online, longchamp outlet online, cheap oakley sunglasses, ray ban sunglasses, michael kors outlet online, tory burch outlet, burberry outlet online, red bottom shoes, nike air max, louis vuitton outlet, ray ban outlet

oakleyses said...

ray ban pas cher, longchamp, longchamp pas cher, burberry pas cher, nike roshe run, sac louis vuitton, tn pas cher, hollister, nike free pas cher, sac michael kors, coach purses, michael kors uk, oakley pas cher, louis vuitton uk, nike air max, sac vanessa bruno, mulberry, nike free, scarpe hogan, true religion, true religion outlet, vans pas cher, north face, true religion outlet, ralph lauren, chaussure louboutin, air jordan, converse pas cher, hermes pas cher, louis vuitton, nike blazer pas cher, lacoste pas cher, louis vuitton pas cher, air max, nike air force, lululemon, guess pas cher, hollister, ralph lauren pas cher, timberland, michael kors canada, ray ban uk, air max pas cher, new balance pas cher, nike air max, north face pas cher

oakleyses said...

asics shoes, rolex watches, ugg outlet, new balance outlet, north face jackets, mac cosmeticas, valentino shoes, jimmy choo shoes, bottega veneta, barbour, nike roshe, birkin bag, p90x workout, nike trainers, celine handbags, roshe run, ferragamo shoes, hollister, beats headphones, nike huarache, reebok shoes, soccer shoes, ugg soldes, instyler ionic styler, insanity workout, north face outlet, marc jacobs outlet, soccer jerseys, uggs on sale, giuseppe zanotti, abercrombie and fitch, longchamp, mcm handbags, vans outlet, ugg, lululemon outlet, nfl jerseys, abercrombie and fitch, wedding dresses, uggs outlet, chi flat iron, mont blanc pens, babyliss pro, ghd, herve leger

oakleyses said...

baseball bats, supra shoes, canada goose outlet, montre femme, juicy couture outlet, canada goose, louboutin, gucci, canada goose pas cher, timberland shoes, replica watches, wedding dress, canada goose outlet, vans, ugg, moncler, iphone 6 case, lancel, air max, moncler, ray ban, uggs canada, karen millen, juicy couture outlet, moncler, moncler, converse, moncler, coach outlet, converse shoes, canada goose outlet, nike air max, hollister, canada goose uk, moncler, ugg boots, oakley, moncler outlet, hollister canada, louis vuitton canada, hollister clothing, canada goose, ralph lauren, canada goose, parajumpers outlet, toms outlet

roba gad said...

Great article! We are linking to this great article on our site. Keep up the good writing.
http://www.prokr.net/2016/09/water-leaks-detection-isolate-company-riyadh.htm
l
http://www.prokr.net/2016/09/water-leaks-detection-isolate-company-qassim.html