2 Directors Face 18 Money Laundering Charges After Alleged HRDC Fraud

Two company directors, Sham Mathura and Nandini Bawol-Bisnauthsing, have been formally charged with 18 counts of alleged money laundering following an investigation by the Financial Crimes Commission (FCC).

Key Allegations

The formal charges stem from accusations that the pair illegally benefited from a sum of Rs 250,685 by submitting false declarations to the HRDC (Human Resources Development Council).

The FCC issued a statement on Thursday, November 13, confirming the charges and outlining the timeline of the alleged offences.

Company and Legal Framework

The alleged activities occurred between 27th November 2016 and 9th January 2018, during which Mathura and Bawol-Bisnauthsing served as directors of BSP School of Accountancy and Management Ltd and BSP Ltd.

The charges are brought under the Financial Intelligence and Anti-Money Laundering Act 2002, specifically referencing sections 3(1)(b), 6, and 8, in conjunction with section 44(1)(b) of the Interpretation and General Clauses Act.

Source: Defi Media