Mauritian authorities investigating OneCoin money laundering trail
Authorities in India traced funds stolen by OneCoin affiliates to a Mauritian woman named Mary Beyance.
Beyance worked with a partner in Bulgaria and, according to Indian authorities, sat atop a money laundering trail of at least $7.7 million USD.
According to the Mauritian newspaper Le Mauricien, authorities in Mauritius are now investigating OneCoin.
Le Mauricien is a widely read local French language newspaper. The publication claims the Independent Commission Against Corruption has confirmed it is investigating possible links between OneCoin and Be More Global Ltd.
Be More Global Ltd is suspected of violating Mauritius’ Financial Intelligence and Anti-Money Laundering Act, however investigations are ongoing.
Where Mary Beyance fits in and how Be More Global Ltd fits into OneCoin’s global money laundering operations is as of yet unclear.
Other than confirming OneCoin has been under investigation since March 23rd, the ICAC are remaining tight-lipped for now.
Although not confirmed, Le Mauricien point out ‘the possibility of an exchange of information between India and Mauritius about OneCoin Scam could become a reality‘.
Personally I think it’s only a matter of time before authorities haul Beyance in for questioning, but we’ll have to wait and see if anything comes of it.