Menlo Park Case: New Email from Aditi Boolell to the CCID Regarding the Use of MIC Funds

Aditi Boolell sent an email to ASP Dussoye of the CCID on Wednesday, November 26, providing further evidence that the investment of 9.8 million dollars made by the Mauritius Investment Corporation (MIC) was used in accordance with contractual provisions.

She noted that these expenses were validated by the auditors of Menlo Park and transparently approved by the company's shareholders.

As part of this investigation, an excerpt from the minutes of the shareholders' meeting held on November 6, 2025, has also been submitted to the police authorities. This document confirms that all present shareholders approved the current structure of Menlo Park Ltd, including Lucky Datalab DIFC as its operating subsidiary.

They also confirmed that all operational expenses of Menlo Park are covered by Lucky Datalab DIFC. "The expenses related to the MIC investment, amounting to 9.8 million dollars, had already been approved during the meeting on November 25, 2024. These expenses include salaries for the founders, audit fees, marketing, development, and other related costs," she stated in the email.

It was also clarified that the employment contracts of the founders had been shared with the CCID as early as January 2025. The shareholders finally acknowledged the auditors' report confirming that all expenses were in compliance with the subscription agreement signed with the MIC.