Mauritius Orders Arrest of Ex-Central Bank Chief Amid Financial Fraud Investigation

Date:

Mauritius police have issued an arrest warrant for former central bank governor Harvesh Kumar Seegolam as part of a conspiracy to defraud investigation, marking the first major action by Prime Minister Navin Ramgoolam’s new administration in addressing alleged financial misconduct.

The arrest order, issued by the police anti-money laundering unit, follows Ramgoolam’s recent revelations that the previous government systematically falsified key economic indicators, including GDP, budget deficit, and public debt figures over multiple years.

A parliamentary report has also accused the central bank of improperly printing money to fund the Mauritius Investment Corporation (MIC), established in 2020 as a COVID-19 business support mechanism. The report criticizes this action as “irresponsible,” noting it should have been funded through official foreign exchange reserves instead.

Police authorities confirmed Seegolam is currently outside the country and will face arrest upon return to Mauritius. The former governor has not responded to requests for comment on the allegations or arrest order.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Russia Shared Intelligence With Iran That Could Aid Attacks on U.S. Military Assets, AP Sources Say

 Russia has supplied Iran with intelligence that could help...

Islamic Militants Kidnap More Than 300 Civilians in Northeastern Nigeria as Insurgency Intensifies

Islamic militants abducted more than 300 civilians during coordinated...

Militants Kill 15 Soldiers in Northern Benin Attack as Jihadist Violence Spreads Across Border Region

Militants killed 15 soldiers and wounded five others in...

Evidence Points to Possible U.S. Airstrike in Deadly Blast at Iranian School That Killed Scores of Students

 (AP) — Satellite imagery, expert assessments and statements from...

DON'T MISS ANY OF OUR UPDATE