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.
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Tehran and Washington have wrapped up their second round of nuclear talks, aiming to revive stalled diplomacy and explore the path to a potential agreement.
Jordan's King Abdullah II and Egypt's President Abdel Fattah al-Sisi held a phone conversation on Saturday to discuss ongoing efforts to end the Israeli war on Gaza, which has been ongoing since October 7, 2023.
President Vladimir Putin’s announcement of a temporary Easter ceasefire in Ukraine has drawn strong criticism from Kyiv, as Ukrainian leaders question the sincerity behind Moscow’s gesture amid continued hostilities and deep mistrust.
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Hamas claims it has lost contact with the group holding Edan Alexander, a U.S.-Israeli soldier, after an Israeli airstrike reportedly killed one of his guards.
Tehran and Washington have wrapped up their second round of nuclear talks, aiming to revive stalled diplomacy and explore the path to a potential agreement.
Jordan's King Abdullah II and Egypt's President Abdel Fattah al-Sisi held a phone conversation on Saturday to discuss ongoing efforts to end the Israeli war on Gaza, which has been ongoing since October 7, 2023.
President Vladimir Putin’s announcement of a temporary Easter ceasefire in Ukraine has drawn strong criticism from Kyiv, as Ukrainian leaders question the sincerity behind Moscow’s gesture amid continued hostilities and deep mistrust.
President Volodymyr Zelenskyy has denounced a Russian drone strike that occurred just hours after the start of a declared Easter truce, calling it proof of Vladimir Putin’s blatant disregard for both the holiday and human life.
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