Former Finance Minister Renganaden Padayachy questioned by Central CID over Bank of Mauritius video
via Le Mauricien2 min read
Former Finance Minister Renganaden Padayachy was questioned Under Warning by the Central CID for over two hours regarding a video he posted on social media. In the video, he allegedly claimed the Bank of Mauritius printed 83 billion rupees last year. Assisted by his lawyer, Me Raouf Gulbul, Padayachy stated the video was an opinion piece and denied spreading false information about the Central Bank. Police allowed him to leave, awaiting advice from the Director of Public Prosecutions DPP on further action. Padayachy called for a calm economic debate and noted that as a former Deputy Governor of the Bank of Mauritius, he had never filed a police complaint on an economic matter. He also commented on what he perceived as attacks on opponents. The Bank of Mauritius filed a complaint with the Central CID on May 16 following Padayachy's statements. The video, posted on May 11, also defended the 2020 transfer of 55 billion rupees from the Bank of Mauritius to the state during the Covid-19 pandemic and questioned criticisms while mentioning a presumed 83 billion rupee injection into the economy in 2025. The Bank of Mauritius refuted these claims in a May 12 statement, asserting that no monetary issuance or fund transfer to the government occurred last year. The matter was discussed in the National Assembly during Prime Minister's Question Time, where Leader of the House Navin Ramgoolam denounced Padayachy's statements as "false, unfounded and malicious." Ramgoolam also accused the pr
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