White Collar Crimes: Mission from SFO, London Expected Friday

A mission from the Serious Fraud Office (SFO), specialized in the fight against white collar crime and fraud in the UK agency, will an official visit this weekend for talks with the competent authorities. The official invitation comes from the Prime Minister's Office (PMO) following the announcement in the 2014 budget of the project to establish a Serious Fraud Office with complementing a Financial Crime Coordination Committee to strengthen the legal framework and the fight against proliferation of white collar crime. The members of the British delegation could also provide additional information on ongoing investigations with the dismantling of a series of Ponzi Schemes. Moreover, the collaboration of Mauritius may be requested by the Serious Fraud Office in London about an investigation for fraud offenses involving Mauritian businessman, established and operating from London with branches of fraud and Corruption in Mauritius.

Information gleaned from authoritative sources confirmed that officials of the Serious Fraud Office in London should arrive in Mauritius at the weekend for work sessions, the program was established at the Prime Minister's Office. The main topic of discussion will focus on measures for the establishment of a Serious Fraud Office in Mauritius, while avoiding duplicity with existing institutions, including the Independent Commission Against Corruption (ICAC) and the Financial Intelligence Unit ( FIU) and even the Central CID.

Alongside the start of operations of the Serious Fraud Office-in-waiting, the government has also indicated its intention to make amendments to the Penal Code to prohibit and criminalize Ponzi Schemes and other forms of fraud financial. The various proposals will be evaluated for inclusion in the proposed amendments to various laws. The government intends to take advantage of the experience of Britain in this area. The work program includes sessions of discussions with officials at the Prime Minister's Office, the Bank of Mauritius, the Financial Services Commission, the Office of the Director of Public Prosecutions (DDP), the ICAC, the FIU and the police.

Moreover, the Serious Fraud Office in London may be asked to share their observations and conclusions on the investigation educated following the outbreak of scandals Whitedot International Consultancy Co. Ltd.. and Sunkai Ms. Kaba. After eight months of investigation, the damage to the victims of these cases of fraud amounting to more than Rs 1 billion with hundreds of suspects indicted temporarily court of Port-Louis.

Communicating observations on British Serious Fraud Office these Ponzi Schemes Mauritian comes at the right time. Indeed, the Central CID investigation has reached the stage of Wrapping Up with the upcoming drafting of the Form 100 to be submitted to the Director of Public Prosecutions and recommendations for subsequent criminal trial. This survey is one of the largest conducted by the Central CID considering the amount of misappropriated funds over Rs 1 billion excluding victims who are reluctant to disclose for fear of being taken offense of money laundering.

Other sources claim that the members of the British delegation could seek formal collaboration of the Mauritian authorities to complete an investigation of fraud and corrupt practices against a Mauritian businessman based in London. For several months, the Serious Fraud Office in London has in its sights the activities of the Mauritian businessman, which operates in several European countries, including the Netherlands with illegal practices of corruption and influence peddling.

An audit trail of financial transactions undertaken by the businessman in recent years have allowed the bloodhounds of the Serious Fraud Office to detect a significant movement of Mauritius on mauritians' suspect bank accounts in Britain. Asked about the payments on millions, the Mauritian living in London has provided details of the reasons for Cash In Transit in its accounts as well as the identity of the Mauritian personality who could figure of "Ultimate Beneficiary thesis of illegal movements of funds. "

At this stage, no indication has transpired on the form of cooperation that could be adopted in consultations between the British and Mauritian authorities. The version of the local personality is crucial given the overwhelming details filed in the record of the role of "financial firewall" assumed by the Mauritian London business man on this account is presented as an alleged major real estate transaction and doubtful.