MAURITIUS update on money laundering trial against the Son of the former police commissioner.

The money laundering trial against Chandra Prakashsing Dip, son of former police commissioner Anil Kumar Dip, continued on Thursday, June 26, before the Financial Crimes Division (FCD), with the testimony of:

• Robert Seeruttun, acting Head of investigation at the Financial Crimes Commission (FCC).
• His testimony on the stand revealed a sophisticated network of embezzlement involving shell companies and transfers to relatives of the main accused.
• According to Robert Seeruttun's statements, Chandra Dip would have laundered a total amount of Rs 10 million. [£161K APPROX].
• Of this sum, Rs 1.5 million would have passed directly into his bank account. The rest was allegedly divided between the accounts of four people close to him, who were not involved in any commercial activity related to these funds.

The investigation shows that:

• The companies used for these transactions had been registered shortly before the events and had no real operational activity.
• These entities had no employees or infrastructure, and only served to channel bank deposits to the detriment of the defunct Bramer Banking Corporation Ltd.
• No legitimate business transactions were detected, other than fraudulent payments. Questioned by the representative of the office of the Director of Public Prosecutions, Robert Seeruttun revealed that Darmendra Mulloo, another major accused, would have laundered Rs 44 million alone, including Rs 19.5 million deposited in his account.
• He and Chandra Dip are presented as the main instigators of this operation.

Chandra Dip faces 15 counts of money laundering in connection with cashing several cheques issued by Yeschem Ltd, a company run at the time by her mother, Chandni Dip. The amounts collected, in the space of five months in 2011, total Rs 1,415,000.

• Darmendra Mulloo faces 156 charges, totalling more than Rs 18.5 million.
• Sheikh Mohammed Gaddafi Jany is being prosecuted for two suspicious transactions of Rs 310,000 and Rs 122,000,  
• Muhammad Saif Ullah Maulaboksh is accused of laundering Rs 34.7 million on 15 separate counts.

All these crimes are said to have been committed between April and August 2011.

The four defendants have already pleaded guilty at a session preceding the June 26 session.

Muhammad Irfaan Hausmuddy, who is being tried separately, faces 35 counts of wire fraud, totalling more than Rs 57.5 million, and a charge of money laundering related to the purchase of a vehicle. He maintains his position of not guilty. The trial continues today, June 30, before the FCD.

SOURCE

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