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Reading: Ex-Central Bank Governor of Mauritius Granted Bail
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The Africa Daily Post > News > Ex-Central Bank Governor of Mauritius Granted Bail
BankingNewsSouthern Africa

Ex-Central Bank Governor of Mauritius Granted Bail

Kholofelo Morena
By Kholofelo Morena Published January 4, 2025 1 Min Read
Mauritius former central bank governor Harvesh Seegolam
Mauritius former central bank governor Harvesh Seegolam
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PORT LOUIS, Jan 4 – Former Mauritius central bank governor Harvesh Seegolam has been granted bail following his arrest on charges of conspiracy to commit fraud, according to local media.

Seegolam was detained on Friday as part of an investigation led by Prime Minister Navin Ramgoolam’s government, which has accused the previous administration of manipulating economic data, including GDP, budget deficit, and public debt figures.

The daily l’Express reported that bail was set at 500,000 Mauritian rupees ($10,522). In a video released by Le Défi Media Group, Seegolam’s lawyer, Ravi Yerrigadoo, confirmed the bail but declined to comment further, citing the ongoing nature of the investigation.

Police, Seegolam, and his legal representatives were unavailable for additional remarks.

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Kholofelo Morena
By Kholofelo Morena
Southern African Correspondent based in Johannesburg
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