FCC Mauritius reveal Rs 31.9 million "Employment Bonus" fraud using eight shell companies
06/05/2025
The lexpress.mu has reported that the Financial Crimes Commission (FCC) has revealed a massive fraud involving Rs 31.9 million (£525,000.00) in the "Employment Bonus" program.
This "Employment Bonus" scheme aims to promote hiring young Mauritian women and people with disabilities by granting employers a monthly allowance of Rs 15,000.
A fake employer, the sole director and shareholder of eight shell companies, submitted online applications to the Mauritius Revenue Authority (MRA) between April 2023 and February 2024 for 285 fictitious employees.
The MRA's systems validated the claims, based on false statements, resulting in the disbursement of the funds.
According to initial analyses, nearly Rs 14.8 million was transferred to the applicants' personal bank accounts.
Fifteen fake employees were questioned: none received money or worked for the companies mentioned.
The embezzled funds are said to have been used for:-
- Overseas real estate investments,
- Cryptocurrency transactions via Binance.com and
- The purchase of luxury vehicles.
Source -
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