https://en.sputniknews.africa/20241215/former-mauritius-central-bank-governor-wanted-in-fraud-investigation-1069726156.html
Former Mauritius Central Bank Governor Wanted in Fraud Investigation
Former Mauritius Central Bank Governor Wanted in Fraud Investigation
Sputnik Africa
Earlier, Mauritius' Prime Minister Navin Ramgoolam accused the previous government of economic data falsification, including GDP figures, promising to change... 15.12.2024, Sputnik Africa
2024-12-15T17:37+0100
2024-12-15T17:37+0100
2024-12-15T17:37+0100
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Mauritius police have issued an arrest warrant for former central bank governor Harvesh Kumar Seegolam, who is currently out of the country. This arrest warrant is part of a wider investigation into allegations of financial misconduct, as detailed in a recent parliamentary report. Details of the specific charges remain undisclosed.A parliamentary report accuses the Bank of Mauritius of illegally printing money to fund the Mauritius Investment Corporation, established in 2020 to mitigate the economic effects of the COVID-19 pandemic. Instead of using official foreign exchange reserves as intended, the bank allegedly printed money, causing significant damage to the monetary system, potentially contributing to inflation and currency instability.
https://en.sputniknews.africa/20241208/mauritius-faces-deeper-economic-crisis-than-initially-feared-says-new-prime-minister-1069607457.html
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mauritius, politics, indian ocean, police, arrest, fraud, finance, economy, bank, pandemic, local currency, currency
Former Mauritius Central Bank Governor Wanted in Fraud Investigation
Ekaterina Shilova
Writer / Editor
Earlier, Mauritius' Prime Minister Navin Ramgoolam accused the previous government of economic data falsification, including GDP figures, promising to change the situation.
Mauritius police have issued an arrest warrant for former central bank governor Harvesh Kumar Seegolam, who is currently out of the country.
This arrest warrant is part of a wider investigation into allegations of financial misconduct, as detailed in a recent parliamentary report. Details of the specific charges remain undisclosed.
A parliamentary report accuses the Bank of Mauritius of illegally printing money to fund the Mauritius Investment Corporation, established in 2020 to mitigate the economic effects of the COVID-19 pandemic. Instead of using official foreign exchange reserves as intended, the bank allegedly printed money, causing significant damage to the monetary system, potentially contributing to inflation and
currency instability.
