At the summit meeting in Grand Baie Mauritius businessmen and Indian, Xavier-Luc Duval, Deputy Prime Minister and Finance Minister, said that the conclusion of the investigation into a case of money laundering offense in the Mauritian financial services sector is the result of close cooperation between India and Mauritius.
The arrest and detention of Jagan Mohan Reddy, MP Lok Sabha, will not strengthen the perception that Maurice is reluctant to cooperate with Indian authorities in the fight against money laundering offenses may be made in the financial sector Mauritius. The MP is accused by the Indian Central Bureau of Investigation of India have cleared a Rs 800 million fund in companies registered in the financial sector of Mauritius.
In his speech, before a packed house composed, among others, of Indian investors in the Conference Room of Grand Bay, Wednesday, May 30, Xavier-Luc Duval said that without close cooperation between Mauritius and India, the arrest of that member would never have been possible.
" We have a law more stringent in monitoring and regulating activities in the financial sector and the fight against the risks of money laundering. The conclusion of the investigation leading to an arrest is evidence of the close cooperation between India and Mauritius , "said Xavier Duval.
This intervention of the Minister of Finance was awaited. The arrest of MP on the eve of India where Maurice would welcome Indian businessmen as part of held from 29 to 31 May 2012, a summit whose main goal is to bring together leaders engaged in the global economy.
Exchanges during the day from May 30 were centered on topics as diverse as the search for new strategies for emerging markets, the factors necessary to elicit the sense of innovation and tools necessary to promote growth. The summit was jointly organized by the All India Management Association (AIMA) and Enterprise Mauritius. Heaven Group is the main sponsor.
Xavier-Luc Duval could not dream of most appropriate occasion to cushion the effects of a big handicap suffered by the Government of Mauritius. This is a deficit in communication with respect to criticism from India against the Mauritian financial services sector.
He took the opportunity to provide an overview of the state of the country's economic course with special emphasis on the Mauritian financial services sector. He announced that the communication process will continue with the next move in June of Arvin Boolell, Minister of Foreign Affairs in this country. This visit will be followed by his own in July. This will work as part of the Indo-Mauritian Joint Commission.
In his speech, Cader Sayed Hossen-Minister of Commerce, among other things, focused on relations between India and Mauritius. " Despite the economic difference between our two countries, relations between India and Mauritius are built around a logic that both countries should always be winners in all the initiatives they undertake. We have a duty not only to preserve the special nature of this relationship the Indo-Mauritian but to strengthen it further . "