Convicted for Fraud Against the Former Bramer Bank: Mulloo Released Pending Appeal Decision

Title: Convicted for Fraud Against the Former Bramer Bank: Mulloo Released Pending Appeal Decision

Content: Darmendra Mulloo is contesting his prison sentence. He was sentenced to nine months in prison and fined a total of Rs 5,056,000 in connection with an Rs 80 million fraud case against the former Bramer Bank. On Friday, he filed an appeal against this verdict.

On Saturday, he was granted release as the prosecution did not raise any objections to his release during his appearance before the Financial Crimes Division (FCD) of the Intermediate Court.

Darmendra Mulloo posted bail of Rs 50,000. His sentence has been suspended pending an appeal decision. He was represented by attorney Me Samad Golamaully.

Darmendra Mulloo faced charges alongside Chandra Prakashsingh Dip, Sheik Mohammed Khadafi Jany, and Muhammad Saif Ullah Maulaboksh in the FCD for money laundering. They all pleaded guilty. Mulloo faced 156 charges of money laundering totaling Rs 18,533,603.76.

On Friday, April 17, 2026, Chandra Prakashsingh Dip was fined a total of Rs 1,330,000, while Sheik Mohammed Khadafi Jany received a fine of Rs 125,000. Muhammad Saif Ullah Maulaboksh was sentenced to 18 months in prison and fined Rs 1,580,000. The verdict was delivered by Magistrate Abdool Raheem Tajoodeen.