Dip’s 15 Money Laundering Charges Unfolds, His Mother’s Company Involved

Chandra Prakashsing Dip, the son of former police commissioner Anil Kumar Dip, finds himself embroiled in a scandal of monumental proportions, facing serious allegations of money laundering. The sordid tale traces back to the operations of Yeschem Ltd, a company that was under the stewardship of his mother, Chandni Dip, from January 19, 2010, until March 25, 2011.

On Thursday, April 10, 2025, a representative from the Registrar of Companies, Farhanaz Goolamhossen, testified before the Financial Crimes Division (FCD), confirming that it was indeed Chandni Dip who incorporated Yeschem Ltd and held the position of director during that critical period.

Following her tenure, Muhammad Saif Ullah Maulaboksh took over the directorship and is now also facing charges in this unfolding drama.

The courtroom was abuzz as Goolamhossen provided evidence in the ongoing trial against Chandra Prakashsing Dip, along with co-defendants Darmendra Mulloo, Sheik Mohammed Khadafi Jany, and Muhammad Saif Ullah Maulaboksh, all of whom have pleaded guilty to the charges of money laundering.

The witness presented a plethora of documents, including a list of entities linked to the accused, such as Darmendra Mulloo, his wife Parmeshwaree Mulloo, Sanjay Kumar Mulloo, and Taleb Maulaboksh, the father of Muhammad Saif Ullah Maulaboksh.

Moreover, Goolamhossen submitted crucial documents that had been requested by the now-defunct Independent Commission Against Corruption (ICAC) during their investigation in October 2011.

These documents pertain to various companies implicated in the scandal, including Nik Tyres Center Co Ltd, Nik & Brothers Co Ltd, Merishky Co Ltd, Sparon Consultancy Co Ltd, Greyline Co Ltd, Bless Construction Ltd, Bethlem Construction Ltd, and, of course, Yeschem Ltd.

Chandra Prakashsing Dip stands accused of a staggering 15 counts of money laundering.

The allegations suggested that between March 30 and August 17, 2011, he received cheques ranging from Rs 30,000 to Rs 345,000 from Yeschem Ltd, amounting to a total of Rs 1,415,000.

Furthermore, he is charged with having received a total of Rs 3.5 million on April 1 and April 8, 2011, funds that were allegedly credited to Yeschem Ltd’s bank account, purportedly originating from an electronic fraud that victimised the former Bramer Banking Corporation (BBC).

In stark contrast, Darmendra Mulloo faces an astonishing 156 charges of money laundering, accused of laundering a total of Rs 18,533,603.76 through a series of illicit transactions conducted between April 12 and August 15, 2011, across multiple locations.

Sheik Mohammed Khadafi Jany is not spared from scrutiny either, facing two counts of money laundering for allegedly receiving Rs 310,000 and Rs 122,000 from Sparon Consultancy Ltd on August 5, 2011.

Meanwhile, Muhammad Saif Ullah Maulaboksh confronts sixteen charges, accused of acquiring a total of Rs 34,723,228.38, with various amounts credited to the bank accounts of the companies he managed, including Greyline Co Ltd and Merishky Co Ltd, all allegedly sourced from the same electronic fraud that plagued the former BBC, Bramer Bank.

As this gripping saga unfolds, the implications of these allegations resonate far beyond the courtroom, casting a long shadow over the integrity of individuals who navigate their murky waters.

The public watches with bated breath as justice seeks to unravel the tangled web of deceit that has ensnared these individuals.

Source: Defi Media