Provisional charges of "conspiracy to defraud" and of "a company operating without license from the Financial Services Commission" have been lodged against him during his court appearance of Rose Hill. Robert Chuttoo was released after providing a deposit of Rs 100,000 and signed an acknowledgment of debt of Rs 200,000.
Sunkai Ltd, whose offices are located at the Van Der Meersch, Rose Hill, is suspected of having operated in the Ponzi scheme. It had promised its customers attractive returns on investment in a short time.
Its director, Bhimla Ramloll, was released on bail Tuesday, April 16, after 19 days in police custody. It is committed to repay customers their entire investment "once the procedures looped."
In addition, the Financial Services Commission suspended on 17 April the operating licenses of two companies, Nirvi Management Ltd Fund Ltd and Lotus. These two entities were registered under the Collective Investment Scheme. A decision with immediate effect and in accordance with the provisions of section 27 of the Financial Services Act 2007.
The police inspector Bardowaz Bhujun, arrested last week, was released on bail. However, his wife found herself behind bars in the context of investigations into the company "Sunkai Co Ltd" suspected of operating a pyramid scheme.
8 years, 9 months ago