Fund flows from Mauritius have fallen amid concerns about suspected money-laundering, even though this Indian Ocean island nation has been consistently denying such allegations.

India has concerns that Mauritius, which is one of the top sources of foreign direct investments into the country, is being used for round-tripping of funds. Round-tripping is usually referred to routing of domestic investments through Mauritius to take advantage of the Double Taxation Avoidance Agreement (DTAA) between the two countries.

The island nation received requests for information in 97 cases from India during one-year period ended August, 2014.

According to a Mauritius government official, 85 per cent of those requests have been resolved and efforts are on to address concerns of Indian authorities in the remaining ones.

“Between August 2013 and August this year, we have received requests in as many as 97 cases for the exchange of information with Indian authorities and we have already provided banking information and other financial details to them in 85 per cent of these cases,” M Rawoteea, Head Analyst at Ministry of Finance, Mauritius had told PTI earlier.

Over the past few years, effective exchange of information between the two countries has taken place in at least 170 cases.