Mauritius: Ex-finance minister released on bail after corruption charges

A court in Mauritius on Monday granted bail to former finance minister Renganaden Padayachy who was charged with embezzlement last week.

Padayachy was charged alongside former central bank governor Harvesh Seegolam. They are accused of embezzling about $6.7 million from the Mauritius Investment Corporation.

The fund was set up to help cushion companies from the effects of the Covid-19 pandemic. The two have denied wrongdoing.

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