Latest news with #HarveshSeegolam
Yahoo
10-04-2025
- Business
- Yahoo
Former Mauritius central bank governor charged with fraud, released on bail
PORT LOUIS (Reuters) - Harvesh Seegolam, the former central bank governor of Mauritius, was charged with fraud on Thursday and released on bail, his lawyer said, a day after he was arrested alongside the former finance minister over alleged theft from a state company. Seegolam and former finance minister Renganaden Padayachy have denied wrongdoing in the investigation into the reported embezzlement of 300 million Mauritius rupees ($6.70 million) from the Mauritius Investment Corporation, set up to help companies deal with impact of the COVID-19 pandemic. "Seegolam is collaborating with the authorities. He is giving all evidence and information related to this case," Seegolam's lawyer told reporters. The government of Prime Minister Navin Ramgoolam, who won power in a November election, has accused the previous administration, under which the two former officials served, of falsifying data on economic growth, the budget deficit and public debt for years. One of Ramgoolam's first moves was to launch an audit of public finances. His predecessor, former prime minister Pravind Jugnauth, was arrested in February on charges of money laundering, which he has denied.
Reuters
10-04-2025
- Business
- Reuters
Former Mauritius central bank governor charged with fraud, released on bail
PORT LOUIS, April 10 (Reuters) - Harvesh Seegolam, the former central bank governor of Mauritius, was charged with fraud on Thursday and released on bail, his lawyer said, a day after he was arrested alongside the former finance minister over alleged theft from a state company. Seegolam and former finance minister Renganaden Padayachy have denied wrongdoing in the investigation into the reported embezzlement of 300 million Mauritius rupees ($6.70 million) from the Mauritius Investment Corporation, set up to help companies deal with impact of the COVID-19 pandemic. "Seegolam is collaborating with the authorities. He is giving all evidence and information related to this case," Seegolam's lawyer told reporters. The government of Prime Minister Navin Ramgoolam, who won power in a November election, has accused the previous administration, under which the two former officials served, of falsifying data on economic growth, the budget deficit and public debt for years. One of Ramgoolam's first moves was to launch an audit of public finances. His predecessor, former prime minister Pravind Jugnauth, was arrested in February on charges of money laundering, which he has denied.
Yahoo
09-04-2025
- Business
- Yahoo
Mauritius arrests ex-central bank governor, finance minister in embezzlement case
PORT LOUIS (Reuters) - Authorities in Mauritius arrested the former finance minister and central bank governor on Wednesday as part of an investigation into embezzlement at a state company, the Indian Ocean island nation's financial crimes commission said. Former central bank governor Harvesh Seegolam and former finance minister Renganaden Padayachy have denied wrongdoing and did not respond to requests for comment on Wednesday. The government of Prime Minister Navin Ramgoolam has accused the previous administration under which the two former officials served of falsifying economic growth, budget deficit and public debt figures for years. In one of his first moves following his November election victory, Ramgoolam launched an audit of public finances. "Renganaden Padayachy and ... Harvesh Seegolam have been arrested this afternoon following new evidence brought into the enquiry of alleged embezzlement of 300 million Mauritius rupees ($6.70 million)," the financial crimes commission said. The embezzlement investigation relates to the alleged theft of funds from the Mauritius Investment Corporation, set up to help companies deal with impact of the COVID-19 pandemic. ($1 = 44.7500 Mauritius rupees)
Reuters
09-04-2025
- Business
- Reuters
Mauritius arrests ex-central bank governor, finance minister in embezzlement case
PORT LOUIS, April 9 (Reuters) - Authorities in Mauritius arrested the former finance minister and central bank governor on Wednesday as part of an investigation into embezzlement at a state company, the Indian Ocean island nation's financial crimes commission said. Former central bank governor Harvesh Seegolam and former finance minister Renganaden Padayachy have denied wrongdoing and did not respond to requests for comment on Wednesday. The government of Prime Minister Navin Ramgoolam has accused the previous administration under which the two former officials served of falsifying economic growth, budget deficit and public debt figures for years. In one of his first moves following his November election victory, Ramgoolam launched an audit of public finances. "Renganaden Padayachy and ... Harvesh Seegolam have been arrested this afternoon following new evidence brought into the enquiry of alleged embezzlement of 300 million Mauritius rupees ($6.70 million)," the financial crimes commission said. The embezzlement investigation relates to the alleged theft of funds from the Mauritius Investment Corporation, set up to help companies deal with impact of the COVID-19 pandemic. ($1 = 44.7500 Mauritius rupees)
