{"id":58005,"date":"2025-04-17T12:42:10","date_gmt":"2025-04-17T12:42:10","guid":{"rendered":"https:\/\/www.premium-partners.net\/?p=58005"},"modified":"2025-04-21T13:25:35","modified_gmt":"2025-04-21T13:25:35","slug":"mauritius-ex-finance-minister-charged-over-2nd-fraud-case","status":"publish","type":"post","link":"https:\/\/www.premium-partners.net\/fr\/builder\/mauritius-ex-finance-minister-charged-over-2nd-fraud-case\/","title":{"rendered":"Mauritius ex-finance minister charged over 2nd fraud case"},"content":{"rendered":"

This post<\/a> was originally published on this site<\/a><\/p>

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Mauritius’s former finance minister was arrested and charged on Wednesday with “conspiracy to commit fraud” before being released on bail, according to a prosecution source.<\/p>\n

The latest arrest of Renganaden Padayachy concerns alleged fraud against the Mauritius Investment Corporation (MIC), created in 2020 by the Bank of Mauritius to support businesses during the Covid-19 pandemic, said police.<\/p>\n

It was carried out at the request of the Financial Crimes Commission (FCC).<\/p>\n

In this case, police are investigating the MIC’s payment of approximately $1 million to Menlo Parks Ltd\/Pulse Analytics, a polling company known for its political analyses on social media, said police sources.<\/p>\n

Padayachy was released on bail, which was set at roughly $11,000, with the conditions specifying he was not permitted to have any contact with the other parties involved in the case.<\/p>\n

He will also have to report to a police station daily, the prosecution source said.<\/p>\n

Officers on Wednesday searched two properties belonging to the former minister, said a source close to the investigation.<\/p>\n

Padayachy had already been charged with fraud over a previous case linked to the MIC, but was released on bail on Monday after five days in detention.<\/p>\n

He and Harvesh Seegolam, the ex-Governor of the Central Bank of Mauritius, are accused of having artificially inflated the valuation of a company, EastCoast Hotel Investment, in which MIC had invested. That investment lost approximately $6.7 million for the MIC.<\/p>\n

Seegolam, also charged with fraud in the EastCoast Hotel Investment case, was arrested and then released on bail in January in the Menlo Parks Ltd\/Pulse Analytics case, for which Padayachy was not initially charged.<\/p>\n

Last year, a coalition led by Prime Minister Navin Ramgoolam comfortably won parliamentary elections, regaining power in the Indian Ocean state after a decade in opposition.<\/p>\n

The campaign was marked by concerns about the political and economic stability of one of Africa’s wealthiest stable democracies.<\/p>\n

AFP<\/strong><\/p>","protected":false},"excerpt":{"rendered":"

Mauritius’s former finance minister was arrested and charged on Wednesday with “conspiracy to commit fraud” before being released on bail, according to a prosecution source.The latest arrest of Renganaden Padayachy concerns alleged fraud against the Mauritius Investment Corporation (MIC), created in 2020 by the Bank of Mauritius to support businesses during the Covid-19 pandemic, said police.It was carried out at the request of the Financial Crimes Commission (FCC).In this case, police are investigating the MIC’s payment of approximately $1 million to Menlo Parks Ltd\/Pulse Analytics, a polling company known for its political analyses on social media, said police sources.Padayachy was released on bail, which was set at roughly $11,000, with the conditions specifying he was not permitted to have any contact with the other parties involved in the case.He will also have to report to a police station daily, the prosecution source said.Officers on Wednesday searched two properties belonging to the former minister, said a source close to the investigation.Padayachy had already been charged with fraud over a previous case linked to the MIC, but was released on bail on Monday after five days in detention.He and Harvesh Seegolam, the ex-Governor of the Central Bank of Mauritius, are accused of having artificially inflated the valuation of a company, EastCoast Hotel Investment, in which MIC had invested. That investment lost approximately $6.7 million for the MIC.Seegolam, also charged with fraud in the EastCoast Hotel Investment case, was arrested and then released on bail in January in the Menlo Parks Ltd\/Pulse Analytics case, for which Padayachy was not initially charged.Last year, a coalition led by Prime Minister Navin Ramgoolam comfortably won parliamentary elections, regaining power in the Indian Ocean state after a decade in opposition.The campaign was marked by concerns about the political and economic stability of one of Africa’s wealthiest stable democracies.AFP<\/p>","protected":false},"author":1,"featured_media":58007,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-58005","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-builder"],"_links":{"self":[{"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/posts\/58005","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/comments?post=58005"}],"version-history":[{"count":1,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/posts\/58005\/revisions"}],"predecessor-version":[{"id":58006,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/posts\/58005\/revisions\/58006"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/media\/58007"}],"wp:attachment":[{"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/media?parent=58005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/categories?post=58005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/tags?post=58005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}