Scam: Rs 700 Million Transferred to Switzerland

Complaint was registered on Monday afternoon, March 25, a business partner of a company calling itself "White Dot". The businessman claims that the partner has vanished with Rs 700 million and that money flows intriguing for several days the directors of the company.

This amount represents deposits of hundreds, even thousands of Mauritians, overwhelmed by the whopping rate of return offered by the company.

"White Dot" offered its clients to grow their deposits at record rates in record time. Indeed, a payment of Rs 100,000 reported at the end of six months Rs 50,000. And the amount of Rs 1 million, procured Rs 500,000 in six months.

It must be said that many customers have actually hit their profits. But it was in fact a trick to attract others.

Some clients  'White Dot' filed up to Rs 3 million. Officials who have recently completed their PRB fell into the trap. Many notables were trapped.

The FSC has opened an investigation. The police, for its part, to deal with a sophisticated with unexpected ramifications. "This case looks like a Russian doll," said one investigator. She could hide many others.

Services spectacular " White Dot " aroused the curiosity of the financial community in recent weeks. So that the BoM issued on March 19, a statement to warn the public against this dubious financial mathematics. The statement called on the public to "exercise caution with respect to certain products currently available to ensure high rates of returns in a short period of time." And to insist that customers "who place deposits with those are not regulated, do so at their own risk. "

The regulator should remember that "only banks and non-banking institutions authorized by the Bank may accept deposits from the public."

The central bank published simultaneously on its website a list of all authorized financial institutions and agencies. No trace of " White Dot " .