Banks accused of letting frozen funds slip in $4.9m fraud case
Family businesses had sought freezing orders.
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Several banks are accused of allowing an alleged fraudster and his family obtain money from accounts a court has ruled should be frozen.
While no statement of claim has been filed, 31 companies, understood to be linked by family ownership, accuse Mujeeb Rahiman Mundath of fraud of $4.9 million.
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Victoria Young
Fri, 11 May 2018
Fri, 11 May 2018
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Banks accused of letting frozen funds slip in $4.9m fraud case
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