Mauritius Ready To Clamp Down On Errant Ocbs

Mauritius is planning to clamp down on overseas corporate bodies (OCBs)--companies predominately owned or controlled by non-resident Indians -- which were recently in the limelight for their alleged involvement as conduits for share manipulation on the Indian bourses.

In an exclusive interview with Business Standard today, the Mauritius minister of economic development, Sushil K C Khushiram, said: