Brother-in-Law of Former PM Arrested in ‘Toxic Loans’ Scandal

Sanjiv Ramdanee has been detained overnight after his arrest by the Financial Crimes Commission (FCC) on suspicion of conspiracy in connection with the major ‘Toxic Loans‘ case.

Key Details of the Arrest

Mr. Ramdanee, who is the brother-in-law of former Prime Minister Pravind Jugnauth, was apprehended by the FCC on Tuesday afternoon, 2 December. He is currently being held at the Moka detention centre and is due to appear in court on Wednesday under a provisional charge of conspiracy.

The ‘Toxic Loans’ Allegations

The arrest is directly linked to the high-profile ‘Toxic Loans’ affair, specifically concerning the company Dhyanavartam Ltd.

The FCC’s investigation alleges that bank loans, classified as “toxic loans,” totalling Rs 470 million were granted to the company Maradiva Villas and Resorts & Spa.

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Source: Defi Media