Port Louis: Mauritius, often accused of being a route round good funds by the Indians, on Monday forwarded to the Government of India was willing to support its Special Investigation Team (SIT) to unearth the money black. 

This was conveyed to Foreign Minister Sushma Swaraj the Minister of Foreign Affairs, Regional Integration and International Trade Arvin Boolell during a meeting here, the spokesman for the Foreign Ministry said. 

Boolell transmitted Mauritius will take steps to ensure that the "jurisdiction of reputation" remains, said. Mauritius used to be the largest gateway for the flow of funds in India through FDI and FII routes, but its position has declined amid concerns about this island nation that used for round tripping of funds. 

Recently, slipped to second place after the US in terms of the amount of money brought in by foreign investors in the Indian markets. 

According to Sebi, Mauritius accounted for Rs 3.31 lakh 'assets under custody' worth of foreign institutional investors in the equity markets and debt of India at the end of 2013, compared to 4.37 lakh over Rs crore for the USA .. 

Fund flows from Mauritius have fallen amid concerns about suspected money laundering, though the island nation in the Indian Ocean has been systematically denied such accusations. 

India has concerns that Mauritius is one of the main sources of foreign direct investment in the country, is being used for round tripping of funds. Round-trip routing generally refers to national investments through Mauritius to take advantage of the Double Taxation Avoidance Agreement (DTAA) between the two countries. 

The island nation received requests for information on 97 cases of India during the period of one year ending August 2014. 

According to an official of the Government of Mauritius, 85 percent of those requests were resolved and efforts are on to address the concerns of the Indian authorities on the other. 

"Between August 2013 and August this year, we have received requests to up to 97 cases for the exchange of information with the authorities in India and we have provided banking information and other financial details to them in 85 percent of these cases, "M Rawoteea, Chief Analyst at the Ministry of Finance, Mauritius PTI had said earlier. 

In recent years, the effective exchange of information between the two countries took place in at least 170 cases.