FCC Investigation: Rs 31.9 Million Fraud Involving 285 Fake Employees Detected

The director of a company has been apprehended in connection with an alleged fraud of Rs 31.9 million, uncovered by the Financial Crimes Commission (FCC). Investigators suspect him of having registered 285 fake employees with the Mauritius Revenue Authority (MRA) between April 2023 and February 2024, and these applications were approved. This individual heads eight companies, and approximately Rs 14.8 million is believed to have been transferred to several bank accounts.

The funds originated from the "Employment Bonus" program, a budgetary measure launched in 2023 to promote the hiring of women and people with disabilities. This program provides assistance of up to Rs 15,000 per employee.

However, 15 individuals registered without their knowledge confirmed to the FCC that they had never received this bonus nor worked for this man.

Investigators suspect that the misappropriated millions were used to finance real estate projects and the purchase of luxury cars. The investigation also revealed investments in cryptocurrency, acquisitions of foreign real estate, and the purchase of a high-end vehicle.

The FCC continues its investigations to determine the extent of the network involved.