This announcement comes after the final hearings presented yesterday, Thursday, September 10, by the various parties. Detained at Melrose prison since his arrest at the end of October 2025, the entrepreneur is seeking his conditional release, a request firmly contested.
The defense denounces a « political vendetta » and a stagnant case
Called to the bar, Lovanirina Ravatomanga, the daughter of the detainee, has contextualized this case as a reminder that her father was considered a candidate for the presidential election in Madagascar. Relying on this, the defense argues that the current proceedings are a true « political vendetta ».
The businessman’s lead lawyer, Me Khushal Lobine, has strongly criticized the prolonged detention of his client. He deplored the total absence of new developments or concrete elements brought by investigators since the first rejection of a bail request in December 2025, describing the situation as permanently in statu quo.
The defense also highlighted Mamy Ravatomanga’s profile as a politically exposed personality (PPE) who has always cooperated with institutions. It recalled his strong economic and banking ties in Mauritius, where he has been operating for over thirty years without ever encountering any difficulties with local authorities, thus ruling out any risk of escape. Finally, the lawyers have rejected the suspicions regarding suspicious transfers of funds worth several million dollars linked to international entities, claiming that their client has « nothing to hide ».
The FCC maintains its objections to the risks of escape and manipulation
For its part, the Financial Crimes Commission (FCC), represented by Me Trishul Naga, is categorically opposed to this release on bail. The commission argues that the provisional charges of money laundering and delinquent agreement on facts that occurred in October 2025 are based on solid documentary, numerical and banking evidence. These elements link the case to several cases and companies, including Litchi, Wheat, Madarail, Samcrete or even Boeing.
For the FCC, the objections raised are not mere apprehensions but real risks. The anti-corruption body insists that the release of the businessman would pose a major risk of fleeing abroad, as well as the risk of interference with witnesses and alteration of existing evidence. The Acting Director of Investigations for the commission, Paramhans Alleear, also stated that all the inconsistencies in the investigation had been clarified, justifying the need to keep the suspect in detention.
The court will definitively decide next month whether the businessman will go through the next procedures in a cell or under conditional release.
Aujourd'hui : 1029