An internal audit dated February 8, 2024, revealed that Silver Bank faces Rs 7.6 billion in bad debts. These non-performing loans are spread across 55 borrowers—39...
Rajiv Ramcharitar, former Senior Relationship Manager at Silver Bank Limited (formerly BanyanTree Bank), was detained on Thursday, July 31. He was approached by the Financial Crimes...
Individual depositors, both Mauritian and foreign, have filed a formal complaint with the Financial Crimes Commission (FCC) regarding the Silver Bank scandal. They are calling for...
The controversy-ridden Silver Bank is now under investigation by the Financial Crimes Commission (FCC) amid concerns over the handling of over Rs 3.55 billion in public...
PM Navin Ramgoolam and DPM Paul Bérenger have expressed grave concerns over what they describe as a “crime against the population.” During a press conference on...
The Silver Bank, which acquired the BanyanTree Bank, is embroiled in a costly scandal that threatens to produce far-reaching repercussions. Rama Sithanen, the Governor of the...
A shocking investigation has uncovered a massive loan scandal at Silver Bank, a small bank in Mauritius, with employees allegedly involved in perpetrating fraud. The scandal...
Following Minister Padayachy’s statement on the Silver Bank, it has been revealed that the Bank of Mauritius (BoM) is obligated to maintain the confidentiality of information...
Three potential buyers, one of which is reportedly in collaboration with a Management Company based in Mauritius, have expressed interest in acquiring what remains of the...
BoM places Silver Bank under conservatorship. In a statement issued this Tuesday, the Bank of Mauritius has, under Article 65 of the Banking Act of 2004,...
