Track2Realty Impact – Vigil on Mauritius funds

The RBI and market regulator SEBI have enhanced their vigil on funds coming from Mauritius, suspecting round-tripping or routing of illicit money back through the island nation. The regulators have noticed a significant surge in venture capital funds coming from Mauritius in sectors such as telecom and real estate, which have been the subject of close scrutiny for money laundering cases.

Track2Realty was the first to report, Jan 9, on the Enforcement Directorate asking the Indian missions to check money trail.