News
Rs 800,000 Withdrawn from Police Chief’s Son’s Account Without Signature
A senior bank manager was arrested on Monday, September 15, on suspicion of conspiring with Superintendent of Police (SP) Ashik Jagai to illegally transfer Rs 800,000 from Jagai’s son’s bank account.
Mohammad Shammem Jaunmahomed, 55, a branch manager at the Mauritius Commercial Bank (MCB) in Port Louis, was taken into custody by the Financial Crime Commission (FCC) after being confronted with evidence.
The money was debited from the account of Allysaheb Jagai, the son of the SP, and credited to an individual identified only as M.F.E.
Investigators believe the funds may have been derived, either partially or entirely, from criminal activities.
The FCC is currently questioning Jaunmahomed “under warning,” and he has been detained.
The investigation uncovered significant procedural failures. The bank manager allegedly failed to follow the standard Know Your Client (KYC) protocol and, crucially, did not obtain written permission from Allysaheb Jagai to move the funds from his account. The investigation is ongoing.
Source: l’Express