MIC Fund Misappropriation Allegations: Aditi Boolell Summoned by Police

Aditi Boolell, daughter of the former Director of Public Prosecutions (DPP) Satyajit Boolell, has been summoned to appear before the Anti Money Laundering Unit (AMLU) of the Central Criminal Investigation Department (CCID) on Thursday, January 16. Her summons will be part of an ongoing investigation into the alleged misappropriation of $1 million (approximately Rs 45 million) from the Mauritius Investment Corporation (MIC).

Known for her close ties to the Adam family, particularly Stéphane and Mary-Queenie Adam, Aditi Boolell is the director of a consulting firm and was notified of her summons late last week by Assistant Police Commissioner (ACP) Krishna Kumar Rajaram’s team.

This financial aid from the MIC was reportedly allocated to Menlo Park Ltd and its subsidiary Pulse Analytics on October 28, 2024, in the wake of support measures following the Covid-19 pandemic.

Police are particularly interested in Aditi Boolell’s connections to the Adam family and the establishment of Menlo Park Ltd, as well as its shareholders.

Defi Media sources indicated that her name has been mentioned several times by individuals interviewed during the investigation led by ACP Rajaram.

The recent statements made by the Adam duo during their visit to the CCID have helped clarify some aspects of the case.

According to insider information from the AMLU, authorities anticipate obtaining crucial evidence from Aditi Boolell regarding the processes involved in the $1 million financial aid request from the MIC.

Investigators have unveiled that a significant portion of these funds, approximately $291,000 (around Rs 14 million), was transferred to a bank account in Dubai shortly after being allocated to Menlo Park Ltd/Pulse Analytics.

Law enforcement is currently tracing the money trail linked to this transaction, which occurred on the same day the financial assistance was granted.

The remaining Rs 34 million has been traced to a joint account in a bank in Mauritius.

Investigators are suspecting that the entity receiving these funds may be a shell company, with further concerns that the money has since been disbursed to the local beneficiaries’ accounts in Mauritius.

When approached for a comment by Le Défi Media Group, Aditi Boolell’s representatives stated that she would not be making any public statements at this time, choosing instead to wait until Thursday, January 16, to respond to the media.

Through her company, Boolell Advisory Mauritius, Aditi Boolell provides services related to corporate taxation and immigration assistance, as well as supporting entrepreneurs and expatriates looking to establish themselves in Mauritius.

Source: Defi Media