23/05/2019
EFCC ARREST MALAYSIAN YAHOO BOY OVER A FRAUD OF 250m euro IN LAGOS
A suspected Malaysian fraudster, Tan Ah Chai Richard, has been arrested and arraigned alongside his company, Coastal Asia Investments Limited in Lagos
The Economic and Financial Crimes Commission, EFCC, arraigned 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.
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 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 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.
