Mauritius couple found guilty 10 years after defrauding over 600 investors

Mauritius couple Bimla and her husband Mohit Ramloll have been found guilty by the island’s Financial Crimes Division (FCD) of fraud and money laundering.

Bimla Ramloll had been sued for having, between September 2012 and March 2013, defrauded a sum of Rs 753.8 million from over 600 investors in her company, Sunkai Co. Ltd. 

The company neither held a deposit-taking licence from the Bank of Mauritius, nor a licence from the Financial Services Commission (FSC) for investment purposes.

“The company was created to scam people through a bogus investment plan. It is clear that Bimla Ramloll operated a Ponzi system,” said magistrate Vijay Appadoo.

The couple is expected to be brought before the FCD again on 27 April for the pleadings surrounding their sentence.

Source: Defi Media