Two men have been charged with conspiracy to defraud clients in high-yield investment schemes. Shinder Gangar and Alan White appeared at Leicester Magistrates Court yesterday (13 October). They were remanded in custody subject to presentation of sureties and were released today.
Dobb White & Co is a firm of accountants with offices at the material time in Nottingham and Leicester. Its two partners are the defendants Mr Shinder Singh Gangar (d.o.b 21 Aug 61) and Mr Alan White (d.o.b. 26 Sep 58).
Charge 1
The defendants are charged with conspiring at Leicester and elsewhere with other persons to defraud the clients of Vavassuer Corporation and Dobb White & Co. on or between 31 December 1996 and 13 October 2005, contrary to Common Law.
Charge 2
The defendants are charged with conspiring at Leicester and elsewhere with other persons to defraud the clients of Vavassuer Corporation and Dobb White & Co. on or between 31 October 2001 and 13 October 2005, contrary to Common Law.
Bail conditions
- Each defendant was required to provide a surety of £10,000. (They were held in custody overnight pending presentation of acceptable sureties. A single surety of £20,000 has been received today and the defendants released).
- Surrender of passports and not to apply for another passport or international travel documents
- To stay each night at their home addresses
- Report to a nominated police station once a week at set day and time.
- Not to make contact with any prosecution witness
- Not to contact "investors" of Dobb White & Co or the Vavasseur Corporation
- Not to solicit, accept, collect or cause transfer of monies from others for any alleged "placement" or "investment opportunity", nor to promote same.
The case has been transferred to Leicester Crown Court.
Notes:
- The Financial Services Authority issued press releases on 4 November 1999 and 30 October 2002 in relation to court action against Dobb White & Co.
- The Serious Fraud Office investigation, in conjunction with the Leicestershire Constabulary, commenced in September 2002.
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