Saga Silver Bank: Rs 3.55 Billion in Public Entity Funds, Including Rs 3 Billion in 'Projects Development Fund'

The Silver Bank Limited case continues to emerge as one of the most sensitive financial episodes in recent years. From the granting of its banking license to its placement under conservatorship, and then to the revelation of billions of rupees in exposed public funds, the matter raises serious questions about banking governance, regulatory oversight, and the use of public money.

According to information provided by the Bank of Mauritius, ...