BOM: Silver Bank placed under supervision
9 months, 4 weeks ago - February 13, 2024
The Bank of Mauritius announced this Tuesday, February 13 that it was placing Silver Bank under conservatorship. Arvind Gokhool will be the “curator”.
He will take responsibility for the bank and use the necessary powers to preserve, protect and recover all assets of the Silver Bank, says the BOM in its press release.
“L’express” has repeatedly reported irregularities within this bank, formerly Banyan Tree. The latest dates back to two shady transfers of Rs 18 million in total, raised by an internal auditor and to whom this earned a suspension...
In addition, the shadow of Prateek Gupta, an Indian whose assets are frozen for fraud against the company Trafigura and whose wife is a shareholder, hangs heavily over the Silver Bank...
The “Chief Executive Officer” and the Senior Manager of Operations were suspended in mid-January.
Silver Bank also converted rupees from oil supplier Mercantile & Maritime Group (MMG) into dollars…
