Mauritius

Police in Mauritius have announced plans to arrest the country's former central bank governor, Harvesh Kumar Seegolam, as part of an ongoing investigation into an alleged conspiracy to defraud. The announcement was published in local newspapers, with authorities indicating that Seegolam would be taken into custody upon his return to the country. The development comes in the wake of Prime Minister Navin Ramgoolam's recent parliamentary report, which leveled serious allegations against the previous government's financial practices. Ramgoolam claimed that the outgoing administration had systematically falsified critical economic indicators, including gross domestic product (GDP), budget deficit, and public debt figures, over an extended period. Central to the controversy is the Mauritius Investment Corporation (MIC), established in 2020 ostensibly to support companies during the COVID-19 pandemic. Ramgoolam's report alleges that the central bank improperly printed money to fund this organization, drawing from […]