US EditionFormer Mauritius finance minister Padayachy granted bail in fraud case
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5 Articles
Former Mauritius finance minister Padayachy granted bail in fraud case
A court in Mauritius has granted bail to a former finance minister charged with fraud over alleged embezzlement at a state-owned company, his lawyer and the financial crimes commission said on Monday.
Mauritius ex-finance minister rearrested in new fraud probe
Mauritius’s former finance minister was arrested Wednesday over a second fraud case, two days after having been released on bail over another affair, police said. 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,
At a press conference held on Thursday, April 17, the president of the militant Socialist Movement (MSM) and leader of the opposition, Joe Lesjongard, claimed that the party's staff gave its full support to their comrade Renganaden Padayachy. He expressed his misunderstanding of an arrest based, according to him, on mere allegations. *"He was detained, released on Tamil New Year's Day, and then arrested again. He is a real chas ...
Renganaden Padayachy spent today
Mauritius Ex-Finance Minister Arrested Over Second Fraud Case
Mauritius’s ex-finance minister, Renganaden Padayachy, was rearrested on Wednesday, April 16, 2025, just two days after being freed on bail for a prior fraud charge, in connection with a new fraud investigation, according to police reports out of the Indian Ocean island nation. This latest arrest, prompted by the Financial Crimes Commission (FCC), centres on allegations of fraud against the Mauritius Investment Corporation (MIC). The MIC was est…
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