A Malaysian who allegedly failed in his attempt to scam Polaris Bank out of a whopping \u20ac250 million (about N100 billion) will be a guest at the Ikoyi Prison, after his plea to be remanded at the Economic and Financial Crimes Commission, EFCC, detention facility did not succeed.
\nAccording to the EFCC, the suspected fraudster, Tan Ah Chai Richard, alongside his company, Coastal Asia Investments Limited, were brought before Justice Mojisola Dada of the Special Offences Court sitting in lkeja, Lagos on a five-count charge bordering on forgery, use of false document, conspiracy to forge and an attempt to obtain money by false pretence to the tune of \u20ac250,000,000.00 (Two Hundred and Fifty Million Euros).
\nOne of the counts reads: \u201cThat you, Tan Ah Chai Richard, Coastal Asia Investments Limited and Dr. Sawang Jana (still at large), on or about the 27th September, 2018 at Lagos, within the jurisdiction of this Honourable Court, with intent to defraud, conspired to commit felony to wit: forgery of Swift Telex Advice dated 27th September, 2018, indicating transfer of the sum of \u20ac250,000,000 (Two Hundred and Fifty Million Euros) to Coastal Asia Investments Limited account with Polaris Bank Plc (formerly Skye Bank Plc) from HSBC Bank Plc, London, United Kingdom.\u201d
\nAnother count reads: \u201cThat you, Tan Ah Chai Richard, Coastal Asia Investments Limited and Dr. Sawang Jana (still at large), on or about the 27th September, 2018 at Lagos, within the jurisdiction of this Honourable Court, with intent to defraud, fraudulently used a false document to wit: a Swift Telex Advice dated 27th September, 2018, indicating transfer of the sum of \u20ac250,000,000.00 (Two Hundred and Fifty Million Euros) to Coastal Asia Investments Limited account with Polaris Bank Plc (formerly Skye Bank Plc), which you purported to be from HSBC Bank, London, United Kingdom by submitting the Swift Telex Advice to Chioma Omamegbe of Polaris Bank Plc (formerly Skye Bank Plc).\u201d
\nThe defendant, a Malaysian, pleaded \u201cnot guilty\u201d to the charge preferred against him by the Commission.
\nIn view of his plea, the prosecuting counsel, Bashir M. Kamil, asked for a trial date and also urged the court to remand the defendant in prison.
\nCounsel to the defendant, A. B. Onifade, told the court that he was served with the charge by the prosecution only on Tuesday, May 21, 2019 and that he would apply for the defendant\u2019s bail after the proceedings.
\nHe, therefore, urged the court to remand the defendant in the EFCC custody pending the determination of the case.
\nHowever, Kamil, objected to the prayer of Onifade, stressing that the Commission\u2019s detention facilities were already overstretched.
\nConsequently, Justice Dada adjourned the case to June 28, July 2 and 8, 2019 for commencement of trial, and ordered that the defendant be remanded in Ikoyi Prison.<\/p>\n","protected":false},"excerpt":{"rendered":"
A Malaysian who allegedly failed in his attempt to scam Polaris Bank out of a whopping \u20ac250 million (about N100 billion) will be a guest at the Ikoyi Prison, after his plea to be remanded at the Economic and Financial Crimes Commission, EFCC, detention facility did not succeed. According to the EFCC, the suspected fraudster, […]<\/p>\n","protected":false},"author":7,"featured_media":18148,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-18147","post","type-post","status-publish","format-standard","has-post-thumbnail","category-news"],"_links":{"self":[{"href":"https:\/\/everyday.ng\/index.php?rest_route=\/wp\/v2\/posts\/18147","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/everyday.ng\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/everyday.ng\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/everyday.ng\/index.php?rest_route=\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/everyday.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18147"}],"version-history":[{"count":0,"href":"https:\/\/everyday.ng\/index.php?rest_route=\/wp\/v2\/posts\/18147\/revisions"}],"wp:attachment":[{"href":"https:\/\/everyday.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/everyday.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/everyday.ng\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}