Africa-Press – Mauritius. Businessman Maminiaina (Mamy) Ravatomanga was arrested on the afternoon of Friday, October 24, by the Financial Crimes Commission (FCC) of Mauritius. He faces a provisional charge of money laundering under sections 36 and 38 of the FCC Act, linked to the alleged handling of several billion Mauritian rupees. The investigation is ongoing to trace the origin of the funds and the transfer networks involved. Ravatomanga is currently admitted to a clinic and has been warned on site.
Ravatomanga, a prominent Malagasy businessman and CEO of the Sodiat Group, fled Madagascar just before the recent military coup amid escalating anti-corruption investigations. An international arrest warrant has been issued against him by Malagasy authorities for serious charges including money laundering and financing terrorism under Malagasy law. The Mauritian authorities have frozen his funds following credible information that he transferred large sums of money into Mauritius, potentially to move them out of the country illegally.
His arrest in Mauritius follows high-profile investigations into his financial activities and alleged illicit fund transfers between Madagascar and foreign jurisdictions. The case is politically sensitive, as Ravatomanga has strong ties to the former Malagasy government, and the crackdown comes amid political upheaval in Madagascar. The Mauritian Financial Crimes Commission and Revenue Authority are actively investigating the matter in coordination.
This arrest highlights ongoing regional cooperation to combat cross-border financial crimes and money laundering involving prominent figures. The legal proceedings and investigations are expected to continue as both Mauritius and Madagascar seek clarity on the financial networks and legal responsibilities of Ravatomanga.
Thus, while under provisional charge, Maminiaina Ravatomanga remains under legal scrutiny with health considerations noted, and the inquiry into his financial dealings is in active progress across jurisdictions
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