The heavy legacy of Padayachy

The former Minister of Finance, Renganaden Padayachy, obtained parole this Wednesday in court in Port-Louis, after being placed under arrest by the Anti-Money Lundering Unit officers a little earlier. A provisional charge of "conspiracy to defraud" was held against him. He had to pay two bails of Rs 250,000 each and sign a debt recognition of Rs 5 million. After his passage to court, Renganaden Padayachy returned to the Anti-Money Lundering Unit…

After five days of imprisonment at the Moka detention centre, Renganaden Padayachy finally tasted freedom. A few months ago, the ex-Minister of Finance was untouchable. As the end of his reign approached, he became increasingly inaccessible to the common mortals, doubtless convinced of his re-election. After Pravind Jugnauth, he was one of the most powerful men of the old regime. He had relatives in the institutions of the former regime. He was …