Alleged money laundering - Avinash Luchoo: "My money is 100% clean"

Businessman Avinash Luchoo, 38, continued his testimony this Friday July 24 before the Pamplemousses court as part of his motion to have the provisional charge of money laundering brought against him struck out. Under cross-examination by the Financial Crimes Commission (FCC), he reaffirmed that the funds used to acquire his property came from legal commercial activities. “Mo larzan 100% clean. Mo inosan,” he said.

The FCC, represented by Messrs Harivansh Jeeha and Neelvashi Seetohul, interrogated Avinash Luchoo on the finances of his company, Poum Recycle Ltd. This indicated that it had achieved a turnover of around Rs 70 million during the 2022-2023 financial year, with a declared net profit of Rs 6.5 million as of June 30, 2023.

The FCC, however, pointed out to him that the purchase of a car and a property, for a total amount of approximately Rs 12.1 million, exceeded this declared profit. Avinash Luchoo has rejected any illicit origin of the funds. “Mo pena okenn diplom dan komers. Mo inn iron kitsoz mo fason. Kitfwa mo finn fer bann erer, me larzan-la prop,” he argued.

The businessman also confirmed having made 19 cash deposits, totaling Rs 967,000, in ATMs between November 14 and 15, 2022. According to him, these transactions were related to his company's activities.

He also criticized the conduct of the investigation.

The case was adjourned until September 21, 2026.

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