Mauritius | Finances

October 17, 2013

Kross Border Case: Wind Concern About The Offshore Sector

Arrest and interrogation were followed during the week as part of a case splashing offshore flagship company of Mauritius Kross Border. The CEO Jaye Jhingree will in turn questioned by the Central CID in a complaint to forgery. But this case would also have political ramifications ...

This is a matter which " sows the wind uncertainty on the Mauritian offshore ," says economist George Chung. This is also the chairman of a leading offshore company in Mauritius splashed by a scandal Kross Border, located in Port Louis and Ebony .
That, due to a complaint Kolanda Reddy, an Indian businessman living in the United States for forgery on transactions involving $ 8 billion (Rs 240 billion ) . But the case also caused a stir because it would have political ramifications. The question has also been raised implicitly when briefing the Labour Party Saturday, October 12 .   Kross Border made ??the subject of a request for information from 96 institutions from the Director of Public Prosecutions , who availed himself of his cap Asset Recovery Commissionner . But , further fueling more controversy is the fact that the boss of Kross Border is none other than Jaye Jhingree a man near doubling of MSM .
  "I am neither treasurer or member of the MSM ," however, defends the Chief Executive Officer of Kross Border. Jaye Jhingree replied that this whole thing is a "commercial dispute" . "Indian shareholders are in conflict with each other and they want us to do things that are contrary to our laws. We refused . It has not rained in a shareholder . "  What about its relationship with the MSM ? Jaye Jhingree does not deny that his wife 's cousin Lady Jugnauth , but he refuses to be bound to the MSM . "I am a trustee of Sun Trust , as I am a thirty local and international trusts ," he notes .
  But because of family ties with Jugnauth and his membership in the Sun Trust , Jaye Jhingree is seen as a man of the seraglio and the brains Finance MSM . This 65 year old man has over 20 years experience in the Mauritian offshore . Before founding Kross Border, he was among the founding members of the accounting firm KPMG Mauritius in 1985.

Text by lexpress.mu
 

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