PMQT: Silver Bank: Rs 7.9 billion embezzled and Rs 3.55 billion of public funds at stake

During a session of Prime Minister's Question Time (PMQT), Prime Minister Navin Ramgoolam addressed a query from MP Raviraj Beechook yesterday, shedding light on one of the most sensitive financial cases in recent years in Mauritius. At the center of the discussions is the alarming situation of Silver Bank Ltd, characterized by serious irregularities, controversial management, and suspicions of large-scale embezzlement.

At the outset, the head of government confirmed that the bank has not submitted its audited accounts...