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Mauritius authorities are seeking Interpol Red Notices for nine former executives and ultimate beneficial owners of the now-defunct Silver Bank Ltd, following an alleged Rs 7 billion toxic‑loan scandal. Prime Minister Navin Ramgoolam announced the measures in Parliament yesterday after a question from MP Roshan Jhummun. The Financial Crimes Commission (FCC), together with the Director of Public Prosecutions and the Commissioner of Police, has begun steps to institute provisional charges in absentia against the suspects. The group comprises eight foreign nationals and one Mauritian citizen who left the island between January 2023 and February 2025 and have not returned. Names linked to the proceedings include: Prateek Gupta, Ginni Gupta and Purushotam Menon – identified as the bank’s ultimate beneficial owners Vasil Revishvili – former chief executive officer and executive director Alexander Bello – former interim CEO Mayur Somani – head of risk and credit Shriram Jambhekar – bank executive Ritesh Chainani – financial officer * Sheikha Koodooruth – Mauritian national and former senior manager of operations The FCC has formally lodged mutual legal assistance requests with authorities in the United Arab Emirates, Singapore, Seychelles and South Africa; responses are pending. To date, the FCC has questioned 125 individuals in connection with the investigation. Of those, 79 were heard as witnesses and 46 were questioned under warning. Nine Bank of Mauritius officials were also interviewed, six as witnesses and three under warning. Prime Minister Ramgoolam noted that international proceedings could extend the overall investigation, but said the domestic strand is expected to be concluded within six months. The allegations remain under investigation, and the bank’s collapse is attributed to the alleged toxic loan losses. The source of the information is l’Express. Article source: NewsMoris | Image credit: NewsMoris
Mauritius authorities are seeking Interpol Red Notices for nine former executives and ultimate beneficial owners of the now-defunct Silver Bank Ltd, following an alleged Rs 7 billion toxic‑loan scandal. Prime Minister Navin Ramgoolam announced the measures in Parliament yesterday after a question from MP Roshan Jhummun. The Financial Crimes Commission (FCC), together with the Director of Public Prosecutions and the Commissioner of Police, has begun steps to institute provisional charges in absentia against the suspects. The group comprises eight foreign nationals and one Mauritian citizen who left the island between January 2023 and February 2025 and have not returned. Names linked to the proceedings include: Prateek Gupta, Ginni Gupta and Purushotam Menon – identified as the bank’s ultimate beneficial owners Vasil Revishvili – former chief executive officer and executive director Alexander Bello – former interim CEO Mayur Somani – head of risk and credit Shriram Jambhekar – bank executive Ritesh Chainani – financial officer * Sheikha Koodooruth – Mauritian national and former senior manager of operations The FCC has formally lodged mutual legal assistance requests with authorities in the United Arab Emirates, Singapore, Seychelles and South Africa; responses are pending. To date, the FCC has questioned 125 individuals in connection with the investigation. Of those, 79 were heard as witnesses and 46 were questioned under warning. Nine Bank of Mauritius officials were also interviewed, six as witnesses and three under warning. Prime Minister Ramgoolam noted that international proceedings could extend the overall investigation, but said the domestic strand is expected to be concluded within six months. The allegations remain under investigation, and the bank’s collapse is attributed to the alleged toxic loan losses. The source of the information is l’Express.
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