Super Cash Back Gold: Roshi Badhain s’explique…plusieurs cas référés à la Financial Intelligence Unit et à l’Integrity Reporting Agency



Super Cash Back Gold: Roshi Badhain s’explique…plusieurs cas référés à la Financial Intelligence Unit…

STATEMENT BY MINISTER

Madam Speaker,
I wish to make a statement on repayment effected to date to victims of BAI Super Cash Back Gold and Bramer Asset Management Ltd. As the House is aware, the measures put in place by Government have initially safeguarded: 135,283 life insurance policyholders and 50,524 depositors who had their money in ex-Bramer Bank.

Subsequently, the cases of BAML and SCBG have been dealt with. Madam Speaker, after payments effected during the last couple of weeks, the situation is as follows:

With regard ‘Bramer Asset Management Ltd’:
3,177 investors were eligible for repayment and to date 3,152 cases have been finally settled. The remaining 25 persons are not in Mauritius and will collect their cheques in due course. Madam Speaker, this brings finality to these BAML cases.

With regard to ‘Super Cash Back Gold’:
A total of 16,341 policyholders had invested in the SCBG scheme of which 16,287 are eligible for repayment.
To date:

– 11,222 policyholders with less than Rs 1 million have been fully paid and settled; 179 persons have not collected their cheques and will do so in due course. This brings finality to 69% of all investments in SCBG, which have been settled.
As regards policyholders who invested in policies ranging from a sum of Rs 1 million to a sum of Rs 116 million:

– 2,289 Policyholders elected for Option 1, i.e, to have their initial ‘Capital only’ repaid over 5 years and 1,531 have been paid their first 20%. 675 policyholders will be paid via bank transfer by tomorrow, bringing the total paid to 2,206. The remaining 83 policyholders will be collecting their payment in due course upon completion of outstanding formalities.

– With regard to 2,064 policyholders who elected for Option 2 – i.e. to have 75% of their investments repaid, without deduction of any bonus received and they have been paid half immediately and half will be paid in 3 years. Out of these 2,064 eligible policyholders, 1,386 have been paid their dues to date.

An additional 139 will be paid by the NPFL via bank transfer by tomorrow bringing the total paid to 1,525. The remaining 539 policyholders will be collecting their payment in due course upon completion of outstanding formalities.

Madam Speaker, suspicious cases have been referred to FIU for verification of source of funds and the figures are as follows:
212 suspicious cases of BAML and 533 cases of ‘Super Cash Back Gold’ were referred for analytical work with regard to source of funds and as at date:
– 148 cases have been dealt with and referred back to NPFL;
– 89 cases of ‘non-residents’ will be referred by the FIU to appropriate authorities for further verification work;
– 5 identified cases of suspected ‘unexplained wealth’ have been referred to the Integrity Reporting Agency; and
– 503 cases are being scrutinised and as and when each case is cleared, it will be referred back to NPFL for payment to the respective investor and/or policyholder.

Madam Speaker,

I am also informed by the FIU that out of these cases currently being scrutinized, several cases have revealed:

(i) suspected laundering of proceeds derived from criminal activities including breaches of the Dangerous Drug Act, the Copyright Act, and PoCA;

(ii) suspected tax evasion, involving under invoicing to avoid import duty under the Customs Act;
(iii) suspected use of ‘prête-noms’ and unexplained wealth under the Good Governance and Integrity Reporting Act.

Madam Speaker,
The repayment of the policyholders and investors have been done as promised by Government.

Posted by on Jul 13 2016. Filed under Economie, Featured. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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