FCC Investigation on the Deal: MIC-Hôtel Ambre - Dirish Noonaram Arrested for Alleged Money Laundering of Rs 162 Million

Dirish Noonaram, director of Verde Frontier Solutions Ltd, was arrested Thursday evening by the Financial Crimes Commission (FCC). This arrest is part of the investigation into the funding received by his company from the Mauritius Investment Corporation (MIC).

On Friday, October 10, the company director was presented before the court for his preliminary charge of money laundering. The FCC accuses Verde Frontier Solutions Ltd, through its director, of having received a payment of Rs 162 million as a commission on the transaction between the MIC and Eastcoast Hotel Investment / Hôtel Ambre, which belongs to the Appavou group.

This operation involved the acquisition of 70% of the hotel’s shares, initially valued at Rs 2.1 billion, but finalized at Rs 2.4 billion.

After his indictment, Dirish Noonaram, defended by lawyer Arassen Callee, was taken back into police custody. His request for bail will be examined on Monday, October 13.