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.
Russia published addresses of manufacturers allegedly producing drones or components for Ukraine on Wednesday (15 Apr...
U.S. President Donald Trump says Israeli and Lebanese leaders have agreed to a 10-day ceasefire that includes Hezbollah, raising cautious hopes of ...
The U.S. House of Representatives has narrowly voted to block an effort to rein in Donald Trump’s authority to conduct military operations ag...
Georgia’s parliament has approved fast-tracked amendments to the Law on Grants, introducing new exemptions and ...
RRussian Foreign Minister Sergey Lavrov’s visit to Beijing is placing China’s diplomacy under closer scrutiny, as it balances its partn...
Dubai’s most iconic hotel, the Burj Al Arab, is set to close for the first time since opening in 1999 as it begins an extensive 18-month refurbishment aimed at preserving its status as a global symbol of luxury.
The U.S. and Iran could resume peace talks over the next couple of days, U.S. President Donald Trump has said. Talks between Israel and Lebanon were held in Washington yesterday. Fuel prices have dropped below $100 a barrel. U.S. blockade on Iranian ports completes first day.
Azerbaijan and Russia have announced a formal settlement over the 2024 crash of an Azerbaijan Airlines (AZAL) Embraer 190 near Aktau, confirming that all outstanding issues, including compensation, have been resolved.
U.S. President Donald Trump said on Thursday that there was a "good chance" of a peace deal between Lebanon and Israel happening soon, after he announced a 10-day ceasefire between the two countries.
Türkiye is reeling after a second school shooting in as many days, after a 14-year-old student killed nine people - eight pupils and one teacher - and wounded 13 others at a middle school in the south-eastern province of Kahramanmaraş on Wednesday, officials said.
The U.S. House of Representatives has narrowly voted to block an effort to rein in Donald Trump’s authority to conduct military operations against Iran.
RRussian Foreign Minister Sergey Lavrov’s visit to Beijing is placing China’s diplomacy under closer scrutiny, as it balances its partnership with Moscow against strained relations with the U.S.
U.S. President Donald Trump says Israeli and Lebanese leaders have agreed to a 10-day ceasefire that includes Hezbollah, raising cautious hopes of a pause in hostilities after weeks of escalating tensions.
Russia published addresses of manufacturers allegedly producing drones or components for Ukraine on Wednesday (15 April), warning European countries against plans to step up UAV supplies to Kyiv.
Britain and France will co-host virtual talks on Friday (17 April) to ease tensions and restore safe passage through the Strait of Hormuz, one of the world’s most critical shipping routes.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment