Bank’s toxic loans under scrutiny

The anti-graft commisison has reopened its investigation into a Rs150M loan granted by the ex-Mauritius Post and Cooperative Bank (now Maubank) to businessman Rooplall Beerjeraz (Beerjeraz Group) in 2013, l’Express reported.

Several properties used as guarantee were allegedly fictitious.

Maubank’s Head of Compliance Gayetree Sunita Acharuz- Sawoky has been summoned to explain.

The authorities have reportedly been struggling to recover toxic loans amounting to Rs1.7Billion since 2016 – including an undisclosed amount to controversial businessman Rakesh Gooljaury.