Bramer Bank Fraud: The Time for Judgment Has Come

After fifteen years of legal proceedings, the Rs 80 million fraud case involving the former Bramer Banking Corporation is reaching its conclusion. Today, on April 17, Magistrate Abdool Raheem Tajoodeen of the Financial Crimes Division at the Intermediate Court will deliver the sentence against Chandra Dip, Darmendra Mulloo, Sheik Jany, and Muhammad Maulaboksh. The four defendants have pleaded guilty to actions dating back to 2011, involving illicit transfers to fictitious companies.