In the SARs filed with US Financial watchdog FinCEN, one common name across all transactions is Mauritius-based Trans Global Minerals and Metals Corporation which, according to the SARs, is a company incorporated in Cyprus in 2006 with a registered address in Mauritius.
Three different Suspicious Activity Reports (SARs) filed by Deutsche Bank Trust Company Americas (DBTCA) regarding funds received and sent by Jindal Steel and Power Ltd (JSPL) red-flag a transaction pattern where it sent money to companies based in Mauritius, Germany, and the UK, and received funds from companies based in Dubai and Switzerland within the same set of days,…
