Arrest of Mamy Ravatomanga: Alleged Money Laundering of Rs 7.3 Billion, His Right-Hand Man Attempts to Conceal Rs 455.2 Billion

M Malagasy businessman Maminiaina 'Mamy' Ravatomanga, aged 56, was arrested yesterday as part of an investigation by the Financial Crimes Commission (FCC) for alleged money laundering. This arrest follows a complaint filed with the FCC by a member of Gen Z Madagascar along with lawyer Shailesh Seeburuth and is not linked to the international arrest warrant issued by Malagasy authorities.

Mamy Ravatomanga will be provisionally charged under ...