The Lagos State Government has dragged a British chartered accountant, Deepak Khilnani before an Ikeja High Court over an alleged $8.8m fraud.
The State Directorate of Public Prosecutions (DPP) had in its advice indicted Khilnani to have, along with Dr. Sushil Chandra, duped his Nigerian partner, Green Fuels Limited, to the tune of $8.8m in 2008.
The prosecution alleged that the suspects “fraudulently tricked Green Fuels Limited to pay greater sum for machinery purchased from Gentec Limited than it would have paid for such machinery.”
The suspects were also accused of making statement to the Corporate Affairs Commission “knowing same to be false, with intent to defraud the shareholders and members of Green Fuels Limited.”
The offences, according to the prosecution counsel, Mr. Akin George, contravened sections 390(6), 421, 422 and 436 of the Criminal Code Law, Cap C17, Vol.2, Laws of Lagos State, 2003.
Khilnani was to be arraigned on a four-count charge bordering on conspiracy, cheating, stealing and false representation before Justice Oluwatoyin Ipaye on Wednesday, but was absent in court.
His lawyer, Kayode Ajekigbe told the court that his client’s absence was due to the fact that he was yet to be served formally, adding that he (Ajekiigbe) was in court as a result of a publication he read in The Punch newspaper.
But the prosecution counsel faulted Ajekigbe’s submission, arguing that the mere fact that the suspects was represented in court proved that they were aware of the charge against them.
Justice Ipaye adjourned the matter till 12 August for arraignment of the suspects and possible hearing.
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