Durban businessman back in court

2012-07-26 13:35
Durban - Businessman Thoshan Panday and his co-accused Captain Aswin Narainpershad appeared in the Durban Magistrate's Court on Thursday on fraud and corruption charges.

The matter was postponed to 4 October.

Panday and Narainpershad face charges of conspiracy to commit fraud, incitement to commit fraud, and corruption.

They allegedly offered R1m to Captain Kevin Stephen to help them generate false invoices worth R15m for submission to the South African Police Service, from December 2011 to March 2012.

When Panday appeared in April he was ordered not to communicate with any member of the South African police, unless through his attorney.

Magistrate Sharon Marks relaxed his bail conditions saying he could speak to police when required by law or if a member of his family worked as a police officer. He was ordered to hand over his laptop to the investigating officer.

Narainpershad's conditions were also relaxed as he only has to report to the Durban police station once a month as opposed to once a week.

Marks told him he had to report to the investigating officer if he wanted to leave KwaZulu-Natal.

When Panday was arrested early in April, he was out on R100 000 bail in a case where he is accused of trying to pay a R2m bribe to KwaZulu-Natal Hawks boss, Major General Johan Booysen.

He is facing investigations in at least four cases for racketeering and fraud worth R60m involving a syndicate, and for insurance fraud.

Read more on:    durban

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