BAI Case: Yacoob Ramtoola Clarifies His Role and Denies Acting on the Basis of an International Mandate

In the BAI case, Yacoob Ramtoola clarifies his role and denies acting based on any international mandate.

On November 10, 2025, Brussels Worldwide Services BV, part of the BDO network, along with Mohamad Yacoob Ayoob Hajee Allymamode Ramtoola, the former special administrator of BAI Co. (Mtius) Ltd, submitted their respective affidavits to the Supreme Court after PricewaterhouseCoopers International Ltd and Grant Thornton International Ltd.

This action follows individual lawsuits filed by the three international firms against businessman Dawood Rawat. The companies are contesting their summons in a claim for Rs 100 billion filed by Dawood Rawat against audit firms, public institutions, and former political officials, stemming from the dismantling of BAI.

In his affidavit, Mohamad Yacoob Ayoob Hajee Allymamode Ramtoola asserts that he performed his duties "strictly in his personal statutory capacity" and not under the direction or control of any international structure.

"I neither sought nor received any instructions, resources, databases, or supervision from Brussels Worldwide Services BV," he states. The affidavit clarifies that the roles of special administrator and liquidator are personal, individually assigned by the Court or the Financial Services Commission (FSC), and do not constitute cabinet mandates.

Yacoob Ramtoola refutes the argument that the administration of BAI was influenced or directed by the parent company.

In a separate affidavit, Simon Coppée, a representative of Brussels Worldwide Services, reiterates that the Belgian entity played no role in the management or decisions made by BDO Mauritius, Yacoob Ramtoola, or Georges Elie Chung Ming Kan (liquidator of Bramer Banking Corporation Ltd).

He emphasizes that Brussels Worldwide Services is limited to a coordinating function within the BDO network and "exercises no control or supervision over member firms."