Mauritius Supreme Court Orders Central Bank to Disclose Report

Bank of Mauritius (BOM) has been directed by a court order to reveal the BDO and Co Ltd report from 2020 regarding State Bank of Mauritius’ (SBM) assets.

This report pertains to a USD 40 million loan to NMC Healthcare LLC. The Police Commissioner had sought this disclosure order for an ongoing investigation.

The court said that when necessary for combating serious offences like money laundering or fraud, the judge holds a duty to the public to disclose confidential documents, albeit under strict conditions.

This report is reportedly crucial for the investigation but won’t be publicly available. Both SBM Holdings Ltd and SBM (Bank) Holdings Ltd are part of the probe, and certain sections of the report relating to them would reveal systemic operational issues.

Source: L’express