On Friday, January 3, Harvesh Seegolam, the former Governor of the Bank of Mauritius (BoM), was detained upon his arrival at Plaisance Airport. The arrest follows an investigation into allegations of conspiracy to defraud, tied to a suspected embezzlement case involving the Mauritius Investment Corporation (MIC).
Authorities are focusing on a 45 million Mauritian rupee disbursement made on October 28 of the previous year. The funds were reportedly allocated to a company classified as a high-risk level 5 entity, which raises concerns about the legitimacy and financial stability of the transaction.
The investigation has prompted speculation that other former senior officials within the Bank of Mauritius may also be implicated in the case, raising the specter of broader corruption within the institution.
The case has captured the attention of the public and local media, prompting renewed scrutiny over financial governance, accountability, and transparency in Mauritius. This unfolding investigation marks a critical point in the country’s efforts to address financial mismanagement in key state-run entities.