Power Struggle at the Central Bank in Mauritius
Prime Minister Navin Ramgoolam has requested the resignation of Central Bank Governor Rama Sithanen, following a power struggle involving accusations of interference by the governor's son. This marks a significant shift in the bank's administration, as Deputy Governor Gerard Sanspeur had previously resigned over the same issues.
Mauritius is witnessing a significant shake-up in its central banking system as Prime Minister Navin Ramgoolam has requested the resignation of Governor Rama Sithanen. This decision comes in the wake of allegations against Sithanen's son, who was accused of trying to meddle in the bank's operations.
The situation has led to a high-profile resignation by Deputy Governor Gerard Sanspeur, who stepped down citing interference in critical aspects like banking licenses and staffing. This power struggle highlights tensions within one of the nation's key financial institutions.
Despite the turmoil, Prime Minister Ramgoolam maintains that his call for Sithanen's resignation was based on the untenable position rather than questioning his competence. Sithanen has yet to publicly comment on the developments, leaving the banking community awaiting further clarification.
(With inputs from agencies.)
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