A Double Taxation Avoidance Agreement (DTAA) between Mauritius and Jersey was signed on 3 March 2017 in London. The Agreement provides for double taxation which is an impediment to cross-border activities to be eliminated. The signatories were the High Commissioner of Mauritius to the United Kingdom and Northern Ireland, Mr Girish Nunkoo, and the Minister […]

Introduction On 10 May 2016, the Indian and Mauritian governments signed a protocol amending the current India-Mauritius double tax treaty (the “Tax Treaty”), as disclosed in their press release (the “Press Release”).  The Press Release outlines a number of changes to the Tax Treaty, which are to be brought into effect by a protocol (the […]

India Today has managed to track down mystery man Shakil Fakeermahamood, who funnelled Agusta kickbacks into India on Gautam Khaitan’s instructions. While the probe by Indian agencies into the AgustWestland VVIP chopper deal scandal continues at snail’s pace, India Today has managed to dig in explosive revelations surrounding the country’s biggest arms scandal since Bofors. […]

The Financial Services Commission of Mauritius (FSC Mauritius) and the Financial Services Authority of the Seychelles (FSA) have announced the signing of a Memorandum of Understanding (MoU) at the beginning of March. According to the official press release, both regulatory bodies will provide joint support and information exchange. Taking into account the increasing commitment of […]

UK anti-corruption investigators targeting high-profile world figures have been asked to investigate the finances of a former Mauritian Prime Minister after £4m in cash was discovered at his home. Ex-premier Navin Ramgoolam – a doctor and British-trained lawyer dubbed “London boy” by his critics – was led from his home in handcuffs in February after […]

The Enforcement Directorate (ED) has sought legal assistance from Singapore and Mauritius to take forward its probe in the alleged financial irregularities in the Indian Premier League tournament (IPL) and its former chairman Lalit Modi. Officials said the agency has initiated the “legal procedures” to obtain from a court two Letters Rogatories (overseas judicial requests) […]

Belvedere Management Group fund vehicle Brighton SPC has been taken over by the Cayman Islands Monetary Authority following the completion of a “forensic examination”. As at 1st June 2015 the Cayman Islands Monetary Authority (“the Authority”) appointed David Alexander Kenneth Walker and Simon Richard Conway (“the Controllers”) of the firm of PwC Corporate Finance & […]

Back ground The allegations against Belvedere were first made in OffshoreAlert back in early March. The Miami-based publication claimed to have uncovered “one of the biggest criminal financial enterprises in history”. There were suggestions that billions of dollars were at risk in what was a web of fraudulent activity. Despite the size of the alleged […]