(Bloomberg) -- Mauritius’ police issued an arrest order for former central bank Governor Harvesh Seegolam in connection with an inquiry into a case of conspiracy to defraud.
The police in a notice published in a Mauritius newspaper on Sunday ordered airport border control to arrest Seegolam, who is out of the country, if he returns.
A spokesperson for the Port Louis-based Mauritius Police Force declined to comment on the notice. Seegolam didn’t immediately respond to a call or a request for comment via WhatsApp.
Seegolam, 41, who was governor of the Bank of Mauritius from March 2020 was replaced in November after the four-party Alliance du Changement, who won elections that month, appointed Rama Sithanen to the role.
Prime Minister Navinchandra Ramgoolam in his State of the Economy report tabled in parliament last week criticized the central bank for setting up a unit known as the Mauritius Investment Corp. in 2020.
“The setting up of the MIC, its funding through the printing of money and some specific allocation of the portfolio have exposed the Bank of Mauritius to a significant credit risk and potential losses in its balance sheet,” according to the document. “Any impairment of the investments of the MIC or any loss in its operations that leads to a reduction in MIC capital will impact negatively on the profitability and balance sheet of the Bank of Mauritius.”
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