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Mauritius Offers Help on Black Money Probe
Feb 05, 2015

Mauritius on conveyed to the Indian government that it was ready to support its Special Investigation Team (SIT) to unearth black money. On its part, India is working on the inclusion of Mauritius in the group of countries to be listed in its Visa-on-Arrival scheme.

On black money, Mauritius conveyed that the country will take measures to ensure it remains jurisdiction of repute.  India has concerns that Mauritius, which is one of the top sources of foreign direct investments into the country, is being used for round-tripping of funds. Round-tripping is usually referred to routing of domestic investments through Mauritius to take advantage of the Double Taxation Avoidance Agreement between the two countries.

Between August 2013 and August this year, Mauritius has received requests in as many as 97 cases for the exchange of information from Indian authorities and has already provided banking information and other financial details to them in 85 per cent of these cases.

An International Conference on Indentured Labour Route Project was inaugurated in Mauritius. Mauritius was the first and largest recipient of indentured labour from India, and is home to the Aapravasi Ghat, a spiritual and emotional shrine to the memory of these brave souls. India assured full support for the Indentured Labour Route Project.


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