Rs100m bond purchase attacked by Police Federation

13 years, 1 month ago - March 11, 2011
A decision by the Police Welfare Association to buy Bank of Mauritius security bonds worth Rs100 million has been denounced by the president of the Police Federation, Sergeant Jaylall Bujhawon

The welfare association, he added, should have waited for a general assembly to take such a decision as it is currently facing in-depth investigations from the Central Criminal Investigations Division and the Independent Commission Against Corruption regarding the use of its funds.

But Police Welfare Association chief, Inspector Ranjit Jokhoo, has dismissed the criticism, saying Sgt. Bujhawon is only concerned with “harming the reputation of new members the association”. The Police Welfare Association has within its ranks almost all members of the police force as well as retired officers.

The members pay a monthly contribution. In return they obtain certain financial facilities, such as loans. According to Sgt. Bujhawon, the number of loans approved for police officers has dropped considerably during the pas months.

This is why he finds it “bizarre” that the association has agreed to transfer Rs100 million to the Bank of Mauritius. The managing committee of the association should never have decided on its own to transfer such a sum of money to a financial institution.

“According to the law, the general assembly of the association has to be held on March 31 at the latest. The managing committee should have left the matter for the general assembly to decide,” insisted Sgt. Bujhawon. But Insp. Jokhoo maintained that there is no fault in the managing committee taking such a decision.

“If the managing committee cannot take such a decision, then what is the use of having one. The general assembly is held once a year. It is unrealistic to wait for it to take such a decision.”

Text by NewsNow.mu

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