ILL-GOTTEN GAINS

ILL-GOTTEN GAINS

Sunday, February 2, 2020
Ill-gotten gains is defined as money that was obtained in an unfair or dishonest way. In a recent sitting of the Truth, Reconciliation and National Unity Commission (TRNUC) on the 14th of January 2020 former Barclays Bank manager, Pat Barallon, argued that any compensation should not be paid by the present generation of Seychellois tax payers but should come from the perpetrators estate. He further stated that if the commission employed forensic accountants enough funds could be retrieved to pay the victims from these certain hidden investments. In many countries including our neighbor, Mauritius, a section called possession of unexplained wealth is part of their anti- corruption legislation. In Seychelles, this part is yet to make it into the anti-corruption act. The Mauritian legislation describes part of unexplained wealth as a person who “owns, or is in control of, property to an extent which is disproportionate to his emoluments or other income”
https://seychellesvoice.blogspot.com/2020/02/ill-gotten-gains.html?m=1&fbclid=IwAR1Vhh8-6cq_6Ep_PG3_RFFk_OapswlEwQZuXPbPRDou5-oxtcD-KqGAqGs