According to reports in the regional media, the Mauritian Financial Services Promotion Agency has come under the scrutiny of the Government Audit Office over the state of its finances.
In a letter sent by the Audit Office last month, the Agency was reportedly accused of lax internal financial controls, weak payment procedures (including payments made without supporting documentation and duplicate payments), and an inability to explain the nature of some of its expenditures.
In addition, the Government Audit Office took issue with the benefits received by FSPA director, Jean Maurice Parnet on top of his Rs300,000 monthly wages, which include transport, medical insurance, and a rent allowance of Rs50,000 per month, all paid for by the Financial Services Promotion Agency.
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