Mauritius has issued an arrest order for former finance minister Renganaden Padayachy over an alleged embezzlement investigation following the current arrest of the previous central financial institution governor.
Harvesh Seegolam, the previous central financial institution governor, was launched on bail after being charged with conspiracy to commit fraud. He was arrested over the weekend and is linked to the investigation into alleged monetary misconduct.
The arrest order for former finance minister Renganaden Padayachy is a part of an ongoing investigation into alleged embezzlement. It focuses on a disbursement of 45 million rupees to Menlo Park Ltd., which allegedly harmed the Mauritius Funding Company (MIC).
These arrests symbolize the primary vital actions by Prime Minister Navin Ramgoolam’s authorities, which has accused the earlier administration of manipulating financial figures similar to GDP, funds deficits, and public debt.
Padayachy has but to answer the arrest order, and Seegolam’s lawyer declined to remark after his launch from detention on Saturday. The federal government additionally accused the central financial institution of printing cash to help MIC, created in 2020 to help companies affected by the COVID-19 pandemic.
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