Rs 80 Million Fraud: DPP Appeals and Criticizes Court for Giving Excessive Weight to Dip's Repayment

On Wednesday, April 22, 2026, the Office of the Director of Public Prosecutions (DPP) officially filed an appeal with the Financial Crimes Division regarding the Rs 80 million fraud case involving the former Bramer Bank. The judgment was delivered on April 17, 2026, by Magistrate Abdool Raheem Tajoodeen against Chandra Prakashsing Dip, son of former police commissioner Anil Kumar Dip, as well as Darmendra Mulloo, Sheik Mohammed Khadafi Jany, and Muhammad Saif Ullah Maulaboksh.

In its appeal, the DPP argues that the sentence imposed is "manifestly inadequate and unduly lenient." It contends that given the seriousness and scale of the fraud, harsher penalties should have been handed down to all the defendants.

The DPP also criticizes the Court for placing too much emphasis on identifying a "mastermind" and for giving excessive weight to the repayment made by Chandra Prakashsing Dip. The Court notably considered that he had repaid Rs 1.9 million of the Rs 3.5 million obtained through the fraud.

For context, Darmendra Mulloo was sentenced to nine months in prison and fined Rs 5,056,000. Muhammad Saif Ullah Maulaboksh received an 18-month prison term and a fine of Rs 1,580,000. Chandra Prakashsing Dip was fined Rs 1,330,000, while Sheik Mohammed Khadafi Jany must pay a fine of Rs 125,000.

The charges against the defendants included:

• Darmendra Mulloo faced 156 counts of money laundering totaling Rs 18,533,603.76.

• Chandra Prakashsing Dip faced 15 counts of money laundering, allegedly receiving cheques ranging from Rs 35,000 to Rs 300,000 from Yeschem Ltd between March 30 and July 17, 2011, amounting to Rs 1,415,000.

• Sheik Mohammed Khadafi Jany faced two counts of money laundering for amounts of Rs 310,000 and Rs 122,000.

• Muhammad Saif Ullah Maulaboksh faced 16 counts of money laundering totaling Rs 34,723,228.38, allegedly committed between April 12 and August 15, 2011.

All four men pleaded guilty.