Mauritius’s former finance minister Ren-gana-den Paday-achy has been rearrested over a second fraud case, two days after having been released on bail over another affair.
Mauritius police say they arrested Paday-achy this Wednesday over alleged fraud against the Mauritius Investment Corporation (MIC), created in 2020 by the Bank of Mauritius to support businesses during the Covid-19 pandemic.
Police say they are working with the Financial Crimes Commission to investigate the MIC’s payment of approximately $1 million to Menlo Parks Ltd/Pulse Analytics, a polling company known for its political analyses on social media.
The former finance minister and the ex-Governor of the Central Bank of Mauritius, Har-vesh See-golam, are accused of artificially inflating the value of a company to get investment from MIC, which led to a loss of approximately $6.7 million for the MIC.
