Malaysian Business Man, Tan Ah Chai Richard Jailed Over £250M Fraud In Lagos

Published 4 months ago by: Daniel Bosai
at 06:25 AM, 23/05/2019 (4 months ago)

(16992 | Hero) Online (m)


The Economic and Financial Crimes Commission, EFCC, Lagos Zonal office has 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.



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.”



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).”



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.


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Noah147 at 06:50 AM, 23/05/2019 (4 months ago)
(217 | Upcoming) (m)

Why dem dey let am waka without handcuff if to say na we for their country you go see how dem treat us.but that useless EFCC official look more happy to take pictures than to arrest his suspect yeye country.
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kp45 at 07:53 AM, 23/05/2019 (4 months ago)
(10218 | Hero) Online (m)

Quote from: Noah147 on 06:50 AM, 23/05/2019
Why dem dey let am waka without handcuff if to say na we for their country you go see how dem treat us.but that useless EFCC official look more happy to take pictures than to arrest his suspect yeye country.

Even in our own country they treat their citizens like world class fraudster with big handcuffs and big chest policemen to guide, now they have arrested foreigner see the way they are smiling n taking selfie.
Reply

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