Durban Businessman Thoshan Panday Seeks Bail Relaxation Amid Fraud and Corruption Scandals

by Hope Ngobeni

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Durban businessman Thoshan Panday is set to appear before the Durban Magistrate’s Court on Thursday to apply for the relaxation of his bail conditions. Out on R100,000 bail, Panday is facing serious criminal charges in two separate cases.

In the most recent development, Panday was arrested on September 5, 2024, following accusations of tax fraud. He is charged with defrauding the South African Revenue Service (SARS) out of R7.3 million, facing 27 counts of fraud related to VAT and income tax. The Investigating Directorate Against Corruption (IDAC) extended its probe into Panday’s tax dealings, revealing that the tax declarations made by entities under his control were fraudulent. SARS investigations showed that these false declarations had caused substantial financial damage.

Despite the serious charges, Panday was granted bail in December 2024. However, his legal troubles don’t end there. He is also among nine accused individuals in an ongoing fraud and corruption case linked to the 2010 Soccer World Cup. The Durban High Court is hearing the case, in which the state alleges that Panday had control over several companies that received R47 million in payments from the South African Police Service (SAPS). These payments are believed to stem from a corrupt arrangement involving the SAPS Supply Chain Management Division. Among the accused are Panday’s wife, mother, and the former provincial commissioner, Lieutenant General Mmamonye Ngobeni.

Panday’s legal battles continue to unfold, with the businessman seeking bail relaxation as he faces allegations that could have severe consequences for both his personal and professional life.

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