Misused public fundsOversight & ethics enforcement
Confidence: Confirmed · 3 sources
Mauritius's Financial Crimes Commission arrested its former finance minister and a former central bank governor in April 2025 over a Covid-era Bank of Mauritius investment vehicle; the commission takes anonymous reports from the public
On 9 April 2025, Mauritius's Financial Crimes Commission (FCC) arrested former finance minister Renganaden Padayachy and former Bank of Mauritius governor Harvesh Seegolam in what the commission called the ongoing Mauritius Investment Corporation (MIC) case, Central Banking reported; the MIC is a vehicle the Bank of Mauritius created in 2020 to support businesses during Covid-19. Seegolam was reported as arrested for 'fraud by abuse of position'.
Mauritius · outside your area4h ago