The Chairperson of the Board of Directors who was also the majority shareholder was unseated as chairperson in May 2001 and was respectfully asked to inject capital into his bank. Without the capital injection, the bank had no legal right to exist. The unseated Chairperson hurriedly left the country without injecting the capital and refused to show up in Mauritius despite repeated calls.
That bank did not meet the deadline for capital injection. The Bank of Mauritius revoked the banking licence of the bank in early 2002. Still, he had refused to show up. But he battled from afar to win back his enterprise the liabilities of which had far exceeded its assets. The battle was just a public show; he abandoned the game - eventually.