Bhunjun Group to sue Mauritius Ports for Rs400million

Beta Cement Ltd, a company owned by the Bhunjun Group, has filed a Rs400 million lawsuit against the Mauritius Ports Authority (MPA) before the Supreme Court.

Beta Cement is opposing a decision of the MPA to terminate a lease agreement for a portion of land of 6200 square-metres which was awarded to the company in 2014, Defi Media reported.

The land which was leased to Beta Cement in the port area, was meant to accommodate a bulk terminal to store a volume of 28 000 metric ton of cement.

Beta Cement had planned to invest Rs 500 million to set up the project.

Bhunjun Group’s Betamax recently bagged almost Rs 6billion as damages after its contract of affreightment was unilaterally annulled by the Government-owned entity, the State Trading Corporation (STC) after the General elections in 2015.