The Economic and Financial Crimes Commission (EFCC) yesterday asked a Federal High Court in Ikeja to order the chairman of Bi-Courtney Limited, Dr Wale Babalakin and his co-defendants to enter their plea in a 27 count charge of money laundering its file again them. The EFCC made this demand while opposing an application filed by […]

Enforcement Directorate (ED) today (nov 20 2014) filed its first charge sheet in a Delhi court against businessman Gautam Khaitan and others, including two Italian nationals, in connection with its money laundering probe in the Rs 3,600 crore VVIP chopper deal. The charge sheet was filed before District Judge IS Mehta who marked the file […]

The island nation received requests for information in 97 cases from India during the year ended August. The Mauritius government official said the 85 per cent of those requests have been resolved and efforts are on to address concerns of Indian authorities in the remaining ones. “Between August 2013 and August this year, we have […]

Dispelling ‘misperceptions’ that Mauritius is a tax haven its financial sector regulator has said the island nation is in discussions with India to address concerns and make changes to the bilateral tax treaty. Emphasising that the country provides stability and predictability for investors, Mauritius’s Financial Services Commission (FSC) sought to allay concerns that the jurisdiction […]

The Mauritian government is to set up a Serious Fraud Office for the investigation of corruption, money laundering and financial crimes, according to Prime Minister Navin Ramgoolam. Ramgoolam told Parliament here Monday that consultations were still ongoing between his office and that of the Attorney General on this matter. ”The Parliamentary Committee on the Independent […]

The Mauritius Financial Services Commission has recently held a Foreign Account Tax Compliance Act workshop ahead of automatic exchange of tax information with the US by the territory’s financial institutions. In her opening comments, FSC Chief Executive Clairette Ah-Hen said the territory’s involvement in FATCA will enhance the reputation of Mauritius as a “clean and […]

Guernsey has signed two further Double Taxation Agreements‚ with the Seychelles and Mauritius‚ bringing the total number of DTAs it has to 10. Both the agreements were signed in London, by Guernsey’s treasury and resources minister Gavin St Pier and the high commissioner for the Seychelles Marie-Pierre Lloyd, and Guernsey’s minister for commerce and employment […]

The financial transactions between those who allegedly received about 20 million Euros as kickbacks in the AgustaWestland VVIP helicopter deal are being probed by a third country as well. This came to light after the Central Bureau of Investigation (CBI) last week received a communication from its counterpart in Mauritius, the Independent Commission against Corruption. […]