Panton denied bail, returns to court on April 19

Jean-Ann Panton, the former Stocks & Securities Limited (SSL) wealth adviser implicated in a multi-billion dollar fraud at the company is expected to return to court on April 19. 

This after a judge denied a bail application for Panton in the Home Circuit Court this morning.

The court also set a plea and case management hearing for June 15.

Panton is charged with breaches of the Larceny Act, the Proceeds of Crime Act, the Forgery Act and the Cybercrimes Act in relation to the multibillion-dollar fraud scandal.

Prior to charges being laid, Panton was grilled by investigators February 14-16, weeks after searches were conducted on two premises in the Corporate Area.

This resulted in the seizure of documents and electronic devices, including telephones, which continue to be analysed.  

The fraud is believed to be at least J$3 billion.

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