Anti Money Laundering Unit Raids Padayachy’s Residence

In the early hours, this 16th April, the Anti Money Laundering Unit has descended upon the residence of former Finance Minister Renganaden Padayachy, located in Domaine du Gris Gris.

The ex-Finance Minister found himself embroiled in a serious investigation led by the Financial Crimes Commission, which is scrutinising his alleged involvement in the misappropriation of a staggering Rs 300 million, a sum that has reportedly caused significant detriment to the Mauritius Investment Corporation.

Moreover, Padayachy is also under the watchful eye of the Anti Money Laundering Unit, which is probing his purported misdeeds involving an additional Rs 45 million, again at the expense of the MIC, this time allegedly benefiting Menlo Park Ltd.

Last week, 10th April, the former minister was apprehended by the FCC, only to be granted conditional release on 14th April.

Source: Defi Media