Newcastle-based adviser denies 13 counts of fraud

A financial adviser has pleaded not guilty to allegedly fraudulently taking £600,000 from investors to repay his own debt.

Newcastle-based Alok Dhanda appeared at North Tyneside Magistrates Court on 16 April, charged with 13 counts of fraud.

The 53-year-old, who was wearing a black jumper, pleaded not guilty to the offences, which are said to have taken place between January 2011 and November 2013.

He spoke only to confirm his name, date of birth and address.

Chair of the magistrates Yvonne Steane remanded Mr Dhanda, of Grove Park Square, Gosforth, Newcastle, in custody.

She told him: “I am not going to grant you bail. I am going to remand you in custody.”

Dhanda will appear at Newcastle Crown Court on 30 April.