Standard Bank fraud saga continues

The court case regarding 75 people who are suspected of defrauding Standard Bank of nearly R3-million, continued last Wednesday morning.

Noor and Sunitha Shaikh, Aradhna Mohan, Mahendra Bhoodoo, Natasha de Waal and Clover Nortje are believed to have been behind the scam, appeared in court, alongside 18 others who are believed to have benefited from the fraudulent loans.

The money was embezzled in the form of credit facilities, bank overdrafts and loans that were obtained using fake payslips from fictitious companies.

The case has been postponed until October 31, when the suspects are expected to appear alongside others believed to be involved.