Multi-Purpose co-operative societies in Mauritius - can they swindle our money?

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I would like know how do Multi-Purpose co-operative societies work in Mauritius and whether there are laws strict enough to protect the members investment. I have invested in one such society but since 1 week they are not giving us our money and are not providing any clear justification for same. My concern is whether they can do away with our money (invested by our parents for the past 40 years) just like that? In case, they do want to pay, what can the authorities (maybe like the Bank of Mauritius) do to protect the members investment?

Thanks.

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gices Level 6

From what I know, the Bank of Mauritius regulates all banking activities and the [Financial Services Commission)](http://www.fscmauritius.org/ is the regulator for all other financial services in the country. FSC have a legal framework that businesses have to adhere to and they offer consumer protection too.

I do not know the specifics of it so you will have to discuss your situation with FSC for more advice.

Hope that helps.

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