https://en.sputniknews.africa/20250107/mauritius-orders-arrest-of-former-finance-minister-in-embezzlement-probe-1070071954.html
Mauritius Orders Arrest of Former Finance Minister in Embezzlement Probe
Mauritius Orders Arrest of Former Finance Minister in Embezzlement Probe
Sputnik Africa
Last December, Prime Minister Navin Ramgoolam accused Mauritius' former government of falsifying GDP, budget deficit, and public debt figures for years... 07.01.2025, Sputnik Africa
2025-01-07T11:45+0100
2025-01-07T11:45+0100
2025-01-07T11:45+0100
sub-saharan africa
mauritius
indian ocean
navin ramgoolam
east africa
arrest
central bank
finance
finance minister
economy
https://cdn1.img.sputniknews.africa/img/103349/96/1033499681_0:0:3072:1728_1920x0_80_0_0_91cefe5f0b4066e423e33382bf9ef2a5.jpg
Mauritius issued an arrest order for former Finance Minister Renganaden Padayachy amidst an embezzlement probe, shortly after central bank governor Harvesh Seegolam was released on bail following fraud conspiracy charges.These moves mark the first major actions by Prime Minister Navin Ramgoolam, who has accused the previous government of years of falsifying economic data.Padayachy's arrest is tied to an alleged 45 million rupee ($524,997) embezzlement from the Mauritius Investment Corporation, reportedly benefiting Menlo Park Ltd.
https://en.sputniknews.africa/20250104/former-central-bank-governor-of-mauritius-reportedly-released-on-bail-1070034661.html
mauritius
indian ocean
east africa
Sputnik Africa
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
2025
News
en_EN
Sputnik Africa
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
Sputnik Africa
feedback@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
mauritius, indian ocean, navin ramgoolam, east africa, arrest, central bank, finance, finance minister, economy, fraud, prime minister, crime
mauritius, indian ocean, navin ramgoolam, east africa, arrest, central bank, finance, finance minister, economy, fraud, prime minister, crime
Mauritius Orders Arrest of Former Finance Minister in Embezzlement Probe
Ekaterina Shilova
Writer / Editor
Last December, Prime Minister Navin Ramgoolam accused Mauritius' former government of falsifying GDP, budget deficit, and public debt figures for years, calling it "voodoo economics." An audit he commissioned revealed that GDP data since 2022 had been manipulated to falsely suggest economic growth.
Mauritius issued an
arrest order for former Finance Minister Renganaden Padayachy amidst an embezzlement probe, shortly after central bank governor Harvesh Seegolam was released on bail following fraud conspiracy charges.
These moves mark the first major actions by Prime Minister Navin Ramgoolam, who has accused the previous government of years of falsifying economic data.
Padayachy's
arrest is tied to an alleged 45 million rupee ($524,997) embezzlement from the Mauritius Investment Corporation, reportedly benefiting Menlo Park Ltd.
