Harvesh Kumar Seegolam faces questions in a probe into alleged conspiracy to defraud case.
Police in Mauritius have issued an order for the arrest of the Indian Ocean island’s former central financial institution governor in connection to an inquiry right into a conspiracy to defraud case.
Former central financial institution governor, Harvesh Kumar Seegolam, was in a foreign country and could be arrested as quickly as he returned, police mentioned in a discover in Mauritius newspapers on Sunday.
They supplied no extra particulars on the character of the case.
Seegolam has but to remark.
The motion by the police anti-money-laundering unit is the primary important one from the federal government of Prime Minister Navin Ramgoolam, who mentioned final week the outgoing authorities had falsified the nation’s gross home product (GDP), price range deficit and public debt figures for years.
In a report issued to parliament, Ramgoolam additionally accused the central financial institution of printing cash to fund the federal government’s Mauritius Funding Company (MIC), arrange in 2020 to assist corporations take care of the consequences of the COVID-19 pandemic.
It was meant to obtain funding from the financial institution’s official overseas change reserves, Ramgoolam’s report mentioned.
“The printing of cash by the Financial institution of Mauritius to fund the MIC was an irresponsible act which has had deleterious results on the financial system, extra in order that the banking system was already flush with extra liquidity,” the report mentioned.
Ramgoolam returned to his put up as prime minister after successful a landslide victory within the nation’s parliamentary vote in November.
Mauritius, which sits about 2,000km (1,240 miles) off Africa’s east coast, is recognised as one of many continent’s most secure democracies and has developed a profitable economic system underpinned by its finance, tourism and agricultural sectors since gaining independence.
However allegations of corruption and fears round weakening civil rights within the nation grew below then-Prime Minister Pravind Jugnauth, whose administration was additionally accused of taking part in a job in unauthorised wiretapping actions.
