Mauritius Commercial Bank

Mauritius Commercial Bank (MCB), founded in 1838, is the oldest and largest banking institution of Mauritius. It is also the oldest banking institution south of the Sahara and one of the oldest banks of the Commonwealth to have preserved its original name. The holding structure of the MCB Group translates its two-fold strategy namely diversification into financial services through local subsidiaries and associated companies and regional expansion through its foreign subsidiaries.

Read more about Mauritius Commercial Bank:  Services, MCB Board of Directors As At 2010, Corporate Social Responsibility, Sustainable Development, MCB Group Corporate Buildings, Corporate History, Mauritius Commercial Bank / National Pensions Fund Scandal

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Mauritius Commercial Bank / National Pensions Fund Scandal
2003, known afterwards as MCB's "Black Friday," the Mauritius Commercial Bank announced in a press communiqué that it had discovered a large scale fraud which had resulted in the misappropriation of over Rs ... The fraud was alleged to have been committed by one of the bank's senior managers, Robert Lesage ... The MCB started proceedings in Mauritius against Lesage and thirty seven defendants ...

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