Mauritius Financial Commission Rebuts Hindenburg Allegations

The Financial Services Commission of Mauritius refuted Hindenburg Research's claims, stating that the IPE Plus Funds are not registered in Mauritius and denying its status as a tax haven. The FSC emphasized its strict compliance with OECD standards and prohibition on the creation of shell companies.

The Financial Services Commission (FSC) of Mauritius has officially dismissed allegations made by Hindenburg Research concerning an offshore fund linked to SEBI chief. According to the FSC, the IPE Plus Fund and IPE Plus Fund 1, cited in the August 10, 2024 report, are not registered in Mauritius.

The FSC further clarified that Mauritius does not enable the creation of shell companies. 'Mauritius has a robust framework for global business companies. All licensed companies must meet ongoing substance requirements, regulated under the Financial Services Act,' stated the FSC.

Additionally, the FSC highlighted that the OECD peer review recognized Mauritius as a transparent and compliant jurisdiction, refuting claims of Mauritius being a tax haven.