Pension fund fraud case under way

Business Report says the executives and Alexander Forbes are charged with 28 counts, including money-laundering, theft, fraud, contravention of the Riotous Assemblies Act and the prevention of Organised Crime Act, They are being charged either collectively, personally or as representatives of their firms. They were not asked to plead, but were handed a 274-page preliminary indictment. A report in The Mercury notes that as the hearing into SA’s biggest white collar fraud case got under way, Jan d’Oliveira SC, immediately asked the court to add the names of businessman Roland Baily and his wife Shirley, to the accused. D’Oliveira told the court that the trial date had been set in the High Court to run from October 1 to 19. But before that could happen he requested an interim remand to July 4 to the Commercial Crimes Court. He promised that the State would hand over the dockets to the defence attorneys by June 4. The court affirmed the undertaking. Full report in Business Report Full report in The Mercury (subscription needed)