Money Laundering: Verdict on April 17 for Chandra Prakashsing Dip

On April 17, 2026, the Financial Crimes Division will announce its verdict regarding Chandra Prakashsing Dip, son of former police commissioner Anil Kumar Dip, who is facing charges of money laundering. Three other individuals will also learn their fate in connection with the fraud that occurred in 2011, affecting the now-defunct Bramer Bank.

The other three individuals involved are Darmendra Mulloo, Sheik Mohammed Khadafi Jany, and Muhammad Saif Ullah Maulaboksh, who are also charged with money laundering. On Tuesday, April 7, prior to the pleas surrounding their sentencing, Magistrate Abdool Raheem Tajoodeen delivered a guilty verdict against all four men.

In her indictment, Ms. Vanishee Princilla Veerabudren, Senior Assistant Director of Public Prosecutions, highlighted the complex nature of this case involving financial institutions. She asserted that the court must be "bold and daring" in delivering an appropriate verdict to send a strong message, given the recurrence of such crimes in the country.

According to her, the court should consider the modus operandi and how companies were created days or months before the money was diverted.

The defense lawyers argued that their clients made a "timely guilty plea" and that a fine is more than justified. For Mr. Samad Golamaully, his client, Darmendra Mulloo, provided information that led to the arrest of other individuals in this case. Furthermore, he has suffered significant harm over the past fifteen years.

On his part, Mr. Sailesh Seebaruth, representing Chandra Prakashsing Dip, emphasized that his client is the only one who repaid the money in this case. According to the lawyer, there is no evidence showing that his client was the "ringleader." He also mentioned his client's personal circumstances and that Chandra Prakashsing Dip has not reoffended since 2011.

Ms. Nabeeha Baulackey and Mr. Imtihaz Mamoojee, Senior Counsel representing Sheik Mohammed Khadafi Jany and Muhammad Saif Ullah Maulaboksh respectively, echoed the same sentiments.

In this case, Chandra Prakashsing Dip faces fifteen charges of money laundering. He allegedly received checks ranging from Rs 35,000 to Rs 300,000 from Yeschem Ltd between March 30 and July 17, 2011, totaling Rs 1,415,000.

Darmendra Mulloo is facing one hundred fifty-six charges of money laundering for a total amount of Rs 18,533,603.76. Sheik Mohammed Khadafi Jany is facing two charges of money laundering, accused of receiving Rs 310,000 and Rs 122,000 respectively.

Meanwhile, Muhammad Saif Ullah Maulaboksh faces sixteen charges of money laundering for the sum of Rs 34,723,228.38. The offenses occurred between April 12 and August 15, 2011.