Former MIC CEO Suspended Amid $1 Million Fraud Investigation

The Mauritius Investment Corporation (MIC) is currently embroiled in a significant fraud investigation, with former CEO Jitendra Bissessur being questioned by police regarding allegations involving a staggering USD 1 million. To facilitate the inquiry, the central bank has suspended Bissessur from his position.

Upon the change in government, Jitendra Bissessur was asked to leave his role at the MIC. Following his departure, he attempted to return to his previous position at the central bank.

However, Rama Sithanen, the new governor of the central bank, reportedly denied his reinstatement.

Instead, Bissessur was instructed to take a paid leave while remaining available for any inquiries conducted by the Bank of Mauritius (BoM) as the investigation progressed.

Ultimately, it was decided to suspend him at the end of the week due to developments related to the MIC investigation.

Authorities are probing whether Bissessur received directives, possibly from the former governor of the central bank, to authorize the disbursement of the USD 1 million.

This amount was reportedly intended for transfer to Dubai, but the funds have been blocked in Mauritius.

The investigation continues as officials seek clarity on the circumstances surrounding this case of alleged fraud.

Source: l’Express