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Mauritian state to take over shares billionaire fugitive holds in Britam

NAIROBI: Britam has been handed a major reprieve after the Mauritius government said it would join the financial services firm’s board and take up the directorships held by fugitive billionaire Dawood Rawat.

Among the options Mauritius is weighing is disposing of the stake valued at nearly Sh14 billion to settle benefits for policyholders of Mr Rawat’s insurance firms back home.

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