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Mamy Ravatomanga seeks bail in $155 million laundering case

Mamy Ravatomanga interrupted his own bail hearing on Monday, watching by video link from Melrose prison, to shout that there were too many lies being told about him.His lawyer, Kushal Lobine, told him he would have his chance to speak later.The Malagasy businessman is applying again for conditional release before the Bail and Remand Court in Mauritius, where he faces two provisional charges of money laundering and one of conspiracy relating to i…
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Following the forced entry into Mauritius of the fleeing Malagasy billionaire, Mamy Ravatomanga, the damned soul of former President Andry Rajoelina's regime, the Commission for Financial Crimes of that neighbouring island of Madagascar stated that it had "frozen its funds" after having "getting credible information" of a transfer of "a large sum of money to Mauritius, with the intention of moving the same funds to another jurisdiction and leavi…

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Billionaires.Africa broke the news on Wednesday, August 19, 2026.
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