EFCC docks Malaysian and remand him in Ikoyi prison over alleged €250m fraud

The Economic and Financial Crimes Commission, EFCC, Lagos Zonal office, on May 22, 2019, arraigned a suspected fraudster, Tan Ah Chai Richard, alongside his company, Coastal Asia Investments Limited, 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 €250,000,000.00 (Two Hundred and Fifty Million Euros).

EFCC docks Malaysian and remand him in Ikoyi prison over alleged €250m fraud


One of the counts reads: “That 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€250,000,000 (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.”

READ ALSO!
EFCC arrest 16 suspected yahoo boys in Delta

Another count reads: “That 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 €250,000,000.00 (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).”

READ ALSO!
EFCC re-arraigns American for green card fraud, defrauds Nigerians of $565,000

The defendant, a Malaysian, pleaded “not guilty” to the charge preferred against him by the Commission.

In 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

See more posts about EFCC

Follow us on Facebook – @Lailasnews; Twitter – @LailaIjeoma for updates

Four teenage boys who stabbed a boy and filmed him dying jailed for 71 years - lailasnews

Four teenage boys who stabbed a boy and filmed him dying jailed for 71 years

Teens who stabbed boy & filmed him dying on Snapchat jailed for 71 years lailasnews

Teens who stabbed boy & filmed him dying on Snapchat jailed for 71 years