Mr. Yusuf Mohamed: "The Ponzi System Is Not Illegal"

Mauritian law is silent regarding the Ponzi system says Senior Counsel, Yusuf Mohamed. He argues that companies active in this sector are within the law and do not need a license from the Financial Services Commission (FSC) to operate as it is a civil contract between two parties and the investors do not perceive interest but 'dividends'.

19 May 2013, business.mega.mu