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Currency Ring Laundered Millions | Mauritius News
A massive currency exchange ring suspected of laundering 720 million rupees over two years—equivalent to 30 million rupees monthly—is under investigation by the Financial Crimes Commission. The operation allegedly used clean-background individuals to buy foreign currency, paid commissions, and funneled dirty cash abroad via Hawala networks to Dubai, Thailand, and the UK. Authorities are also probing whether stablecoins were used to obscure the trail. This case exposes how informal money systems, while useful in some contexts, can become havens for illicit finance—and the hunt is on to uncover…
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