Police probe crypto platform DistributeX over a suspected Ponzi scheme
It costs about Rs 7,000 to get in. That first payment buys a spot on DistributeX, a crypto marketing platform, after which members earn by clicking, sharing and doing small daily tasks. The Anti-Money Laundering Unit of the Central CID, the police financial crime arm, has opened a preliminary investigation into whether it all runs like a Ponzi scheme.
The Financial Services Commission, the regulator, had already warned the public about the unlicensed operator in April. No victim has filed a complaint yet. That is how these schemes survive, the cash moving while recruits keep signing up.
Rs 2 billion drainage works begin around Poste-de-Flacq
The government has launched the first phase of a drainage project worth more than Rs 2 billion at Poste-de-Flacq, on the east coast. Work started on 6 August. The aim is to cut risk of the flooding that repeatedly swamps villages across the low ground of the east during heavy rain.
It is a rare piece of lasting spending aimed at a problem everyone sees coming. Drains do not make headlines until the water rises. This one is being built before the next downpour, not after it.
Minister Jeetun defends a reworked tax treaty with India
Financial Services Minister Jyoti Jeetun has defended the safeguards built into the new protocol on the double taxation treaty between India and Mauritius, the pact that sets how investment routed through the island gets taxed. Jeetun says the reworked terms protect the financial sector, a pillar of the economy that rivals keep trying to undercut.
Minister Boolell pitches a waste plan to pig breeders
Pig breeders have long asked for a lift, the sector runs on thin margins and cheap feed is scarce. Agriculture Minister Arvin Boolell used a meeting at Vaghjee Hall to announce a project that would turn waste from pig farms into something worth money, from compost to energy, while promising closer dialogue with the breeders themselves.
Shorts
Cure Waves ready for Orlando Pirates – Mauritian champions La Cure Waves SC say they are primed for the visit of Orlando Pirates and out to make it count.
Grand-Bassin readies a Shravan Maas prayer – Devotees gather at Grand-Bassin on 23 August for a Shravan Maas prayer around a new Ganesh statue with five faces.
Belle-Mare card game ends in a police clash – Police patrol at Belle-Mare ran into hostile crowd on Sunday when a card game under a tent boiled over.
From Mauritius to Columbia by way of Berkeley – Mauritian student Meiya Gujjalu is heading to Columbia after a winding path from Madagascar fieldwork to Berkeley.
Air Mauritius hands passenger to Gatwick police – An Air Mauritius flight to London saw a passenger handed to authorities at Gatwick after an onboard incident.
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