Mauritius’ former Prime Minister Pravind Jugnauth has been arrested on money laundering charges, just 100 days after his election defeat. Authorities seized $2.4 million in cash and luxury watches during raids on 10 locations, including his home. While Jugnauth is out on $32,000 bail, his co-accused remain detained. The case has divided the nation, with celebrations in Port Louis and supporters rallying outside court.
Key Points:
- Ex-PM Pravind Jugnauth arrested on money laundering charges; spent a night in detention.
- Raids on 10 locations yielded $2.4M in cash (USD, EUR, UAE Dirhams) & 7 luxury watches (incl. Cartier).
- Arrest follows his landslide election defeat; successor Navin Ramgoolam vows to crack down on corruption.
- Supporters & critics clash—firecrackers in Port Louis, chants of “Pravind! Pravind!” outside the courthouse.
- Bail set at $32,000, strict conditions: no witness contact, must inform police of any relocation.
- Co-accused: two business figures & a deputy mayor—still in custody.
Short Case Narrative:
Former Mauritius PM Pravind Jugnauth has been released on bail after his shock money laundering arrest, just 100 days after losing power. The Financial Crimes Commission (FCC) seized suitcases of cash and luxury watches during multiple raids. The rapid move against the dynastic leader stunned many, sparking both celebrations and protests. His wife, Kobita Jugnauth, was questioned but faces no charges. While Jugnauth is out on bail, his co-accused remain detained.
Actionable Insight:
The FCC’s aggressive stance signals a new anti-corruption era in Mauritius. With power shifting, investigations into high-profile figures could escalate. Could more political elites be next?
Call for Information:
Have insights on Mauritius’ financial elite and offshore dealings? Contact FinTelegram securely. Whistleblowers welcome!
