An Ikeja Particular Offences Courtroom, Lagos yesterday remanded a Malaysian nationwide, Tan Ah Chai Richard, in jail custody for allegedly trying to defraud Polaris Financial institution of the sum of 250 million kilos, NewTelegraph studies.
Richard was arraigned alongside his firm, Costal Asia Investments Restricted by the Financial and Monetary Crimes Fee, EFCC.
The Malaysian, who pleaded not responsible, was docked on a 5 depend cost bothering on forgery, intent to defraud and use of false doc.
The EFCC lawyer, Mohammed Bashir, instructed the court docket that the defendant and one Dr. Sawang Jana (nonetheless at giant) dedicated the alleged offence on September 27, 2018 in Lagos.
In line with Bashir, the offences dedicated contravened Sections 363 (2), 364 (1) and 409, 5(2) of the Legal Regulation of Lagos State No. 11 of 2011.
The anti-graft company alleged that Richard and Dr. Jana, with an intent to defraud, tried to acquire the sum of 250, 000, 000 kilos by false pretence from Polaris Financial institution Plc (former Skye Financial institution Plc).
The fee additional alleged that Richard solid a Swift Telex Recommendation dated September 27, 2018 indicating switch of the sum of 250 million kilos to a Costal Asia Funding Account No: 1771828771 with Polaris Financial institution whereas purporting similar to be from HSBC Financial institution Plc, London, United Kingdom.
Richard allegedly introduced the cast paperwork and Swift Telex Recommendation to the financial institution because the Chief Government officer, CEO, of Costal Asia Funding Restricted.
Nonetheless, the Defence Counsel, O.A Onifade, whereas urging the court docket to grant bail to his consumer, mentioned that the defendant has boils throughout his physique and wanted medical consideration.
Onifade mentioned, “the defendant was granted administrative bail by the fee to a serving Director and a Deputy Director with a landed property. And since then, the defendant has been persistently reporting to the EFCC’s workplace at Abuja.
“The defendant was dropped at Lagos from Abuja yesterday whereas I used to be simply proven the fees proper right here in court docket at about 9am this morning. The defendant’s intentional passport continues to be with the EFCC. And he (the defendant) has boils throughout his physique which requires medical consideration.
“My humble application is that the defendant be kept in the custody of the EFFC pending the determination of his bail application by the court,” he mentioned.
Justice Mojisola Dada, nonetheless, refused the applying by the Defence Counsel and remanded Richard on the Kirikiri Most Prisons.
Justice Dada mentioned that the defendant, for not residing in Lagos, shall be remanded in jail custody pending the dedication of his bail software.
The matter was additional adjourned until June 15 and July 2 for trial.