Harvesh Kumar Seegoram is facing questions in the investigation into his alleged conspiracy in the fraud case.
Police in Mauritius have ordered the arrest of the Indian Ocean island’s former central bank governor in connection with a fraud conspiracy investigation.
Former central bank governor Harvesh Kumar Seegoram is abroad and will be arrested upon his return, police said in a notice published in a Mauritian newspaper on Sunday.
They did not provide further details about the nature of the incident.
Mr. Seagorum has not yet commented.
The action by the police’s anti-money laundering unit is the first major step by Prime Minister Navin Ramgoolam’s government, which announced last week that the outgoing government would have to update gross domestic product (GDP), budget deficit and public debt figures. announced that it had been falsified. year.
In a report to Parliament, Ramgoolam said the government’s Mauritius Investment Corporation (MIC), which was established in 2020 to help businesses deal with the impact of the COVID-19 pandemic, will He accused the central bank of printing money in order to do so.
Ramgoolam’s report said the aim was to receive funding from the bank’s official foreign exchange reserves.
“The Bank of Mauritius’ printing of banknotes to fund the Ministry of Internal Affairs and Communications was an irresponsible act that had a negative impact on the financial system, which was already filled with excess liquidity,” the report said. .
Ramgoolam returned to the post of prime minister after winning a landslide victory in November’s parliamentary polls.
Mauritius, located approximately 2,000 km (1,240 miles) off Africa’s east coast, is known as one of the continent’s most stable democracies and has been a thriving financial, tourism and agricultural sector since independence. has developed a successful economy.
However, under Prime Minister Pravind Jugnauth, there were growing concerns about corruption and the weakening of civil rights in the country, and his government was also accused of being involved in illegal wiretapping operations.
