A court in Mauritius has granted bail to former Finance Minister Renganaden Padayachy, who is facing fraud allegations over the suspected embezzlement of millions in public funds from a state-owned company set up to support pandemic-hit businesses.
A court in Mauritius has granted bail to former Finance Minister Renganaden Padayachy, who is facing fraud charges linked to the alleged embezzlement of funds from a state-owned company, according to his lawyer and the country’s financial crimes commission.
Padayachy and former central bank governor Harvesh Seegolam were arrested last week in connection with the reported misappropriation of 300 million Mauritian rupees (approximately $6.7 million) from the Mauritius Investment Corporation. The Corporation was established to support businesses affected by the economic impact of the COVID-19 pandemic.
Both Padayachy and Seegolam deny any wrongdoing. Seegolam was granted bail last week, and on Monday, Padayachy was also released on bail after the financial crimes commission confirmed it did not oppose the application.
Padayachy’s lawyer, Raouf Gulbul, welcomed the decision and stated that his client would remain available for any further questioning.
The current government, led by Prime Minister Navin Ramgoolam—who came to power following elections in November—has accused the previous administration, under which Padayachy and Seegolam served, of manipulating data related to economic growth, budget deficits, and public debt over several years.
Uzbekistan and the European Union (EU) are set to sign a new Enhanced Partnership and Cooperation Agreement (EPCA), marking a major step in bilateral ...
Turkish President Tayyip Erdoğan said the United States and others must do more to push Israel to stop violating the Gaza ceasefire agreement, includ...
American media personality Kim Kardashian said she had been diagnosed with a brain aneurysm, U.S. media outlets reported on Thursday....
On October 23, Armenia’s Minister of Foreign Affairs, Ararat Mirzoyan, met with Gérard Larcher, President of the French Senate, in Paris....
The Palestinian government has condemned an Israeli bill to apply domestic law to parts of the occupied West Bank, calling the move illegal under inte...
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
Uzbekistan and the European Union (EU) are set to sign a new Enhanced Partnership and Cooperation Agreement (EPCA), marking a major step in bilateral relations and placing Uzbekistan among the EU’s closest partners in Central Asia.
Turkish President Tayyip Erdoğan said the United States and others must do more to push Israel to stop violating the Gaza ceasefire agreement, including the possible use of sanctions or halting arms sales.
Southeast Asian leaders and global partners, including U.S. President Donald Trump, will gather in Kuala Lumpur from 26 to 28 October to discuss trade, regional conflicts and global security, with East Timor set to join ASEAN as its 11th member.
Start your day informed with AnewZ Morning Brief: here are the top news stories for 23 October, covering the latest developments you need to know.
German Economy Minister Katherina Reiche arrived in Kyiv on Friday to discuss urgent aid for Ukraine’s war-damaged energy infrastructure and to expand defence cooperation between the two countries.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment