News24

Teazers fraud charges dropped

2012-03-14 10:21

Johannesburg - Fraud charges against Teazers financial adviser Ricardo Fabre have been dropped, according to a report on Wednesday.

The charges were dropped after an outside agreement was made, The Star reported.

Fabre faced fraud charges after he allegedly deposited about R11m meant for the strip club's creditors into his personal bank account.

This allegedly took place after Teazers boss Lolly Jackson was shot dead in May 2010.

Fabre must pay back R1m to Jackson's estate, the newspaper reported.