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Renganaden Padayachy

Renganaden Padayachy
Minister of Finance, Economic Planning and Development
In office
12 November 2019 – 12 November 2024
Prime MinisterPravind Jugnauth
Preceded byPravind Jugnauth (Finance and Economic Development)
Succeeded byNavin Ramgoolam (Finance)
Personal details
Born (1971-02-07) 7 February 1971 (age 54)
Bel Air Rivière Sèche
Political partyMilitant Socialist Movement
ResidenceBeau Bassin[1]
Alma materParis 1 Panthéon-Sorbonne University

Renganaden Padayachy (born 7 February 1971) is a Mauritian politician.

Early life, education & career

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Padayachy grew up in Bel Air and completed his secondary education at John Kennedy College. He studied in France and holds a master's degree in Public Economics (University of Paris I Panthéon-Sorbonne), a master's degree in Industrial Economics (University of Franche-Comté) as well as a Ph.D. in economics from the University of Paris I Panthéon-Sorbonne.[2]

He worked as chief economist at the Mauritius Chamber of Commerce and Industry (MCCI) before he was appointed in January 2018 as first deputy governor of the Bank of Mauritius (BoM) and chairman of the Financial Services Commission (FSC).[3][4]

Political career

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At the 2019 Mauritian general election Renganaden Padayachy stood as candidate of the MSM within the L'Alliance Morisien.[5] He was elected as Second Member for Constituency No.13 Rivière des Anguilles-Souillac in the National Assembly.[6] On 12 November 2019 he was appointed Minister of Finance, Economic Planning and Development.[citation needed] On 7 January 2025, Mauritian authorities issued an arrest warrant against Renganaden Padayachy, for alleged embezzlement involving the payment of Rs. 45 million (USD 1 million) from the Mauritius Investment Corporation to a company.[7] He was later arrested on 9 April 2025 for the embezzlement case[8] but was released on bail a few days later.[9]

References

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  1. ^ "Bio Data of Dr Padayachy". Government of Mauritius. Retrieved 7 July 2021.
  2. ^ Ramdin, Al Khizr. "Premier Budget pour Renganaden Padayachy, son portrait". Defimedia. Retrieved 4 June 2020.
  3. ^ "Bio Data of First Deputy Governor BoM" (PDF). Bank of Mauritius. Retrieved 1 October 2019.
  4. ^ "MCCI". Mauritius Chamber of Commerce and Industry. Retrieved 7 July 2021.
  5. ^ "Elected members of National Assembly (2019)" (PDF). Government of Mauritius. Retrieved 5 September 2020.
  6. ^ "Detailed results of 2019 general elections" (PDF). Government of Mauritius. Retrieved 5 September 2020.
  7. ^ "Mauritius issues arrest order for former finance minister, report says". Reuters. Retrieved 7 January 2025.
  8. ^ "Mauritius arrests ex-central bank governor, finance minister in embezzlement case". Reuters. Retrieved 10 April 2025.
  9. ^ "Mauritius: Ex-finance minister released on bail after corruption charges case". Africanews. Retrieved 15 April 2025.


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