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Former Mauritius Central Bank Governor Arrested Over Alleged Fraud Conspiracy

Kehinde Giwa by Kehinde Giwa
January 4, 2025
in Business
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Former Mauritius Central Bank Governor Arrested Over Alleged Fraud Conspiracy
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Mauritian police have arrested Harvesh Kumar Seegolam, the former Governor of the Bank of Mauritius, in connection with an alleged conspiracy to defraud.

The arrest took place on Friday, January 3, at Plaisance Airport, according to local media reports.

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Seegolam had been out of the country when the police’s anti-money laundering unit issued an arrest order last month, without disclosing specific details of the case.

A police spokesperson confirmed the arrest but refrained from providing further information. Seegolam’s lawyer has not yet responded to media inquiries.

The arrest marks a significant development under the leadership of Prime Minister Navin Ramgoolam, who has accused the previous government of manipulating key economic indicators, including GDP, budget deficit, and public debt figures.

In a recent parliamentary report, Ramgoolam also alleged that the central bank printed money to finance the Mauritius Investment Corporation, established in 2020 to support businesses during the COVID-19 pandemic.

Tags: Central Bank GovernorFraud AllegationsHarvesh Kumar Seegolam
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