October 20, 2018

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EFCC charges Globacom with $6.7m fraud (Punch)

EFCC charges Globacom with $6.7m fraud (Punch)

The Economic and Financial Crimes Commission has charged telecommunications company, Globacom Limited, before the Lagos State Special Offences Court in Ikeja for an alleged fraud of $6,786,674.61.

The firm was charged alongside its Indian Chief Marketing Officer, Ashok Israni, who was listed as the first defendant in the case. The one count filed before Justice A.O. Williams against the defendants, read, “Ashok Israni and Globacom Limited, sometime in 2008 in Lagos, within the Ikeja Judicial Division, with intent to defraud, induced Emitac Mobile Solutions LLC, Dubai, United Arab Emirates to confer a benefit on you by permitting Emitac Mobile Solutions LLC to provide you with Blackberry solutions services, valued at USD 6,786,674.64 on the understanding that the benefit will be paid for, which pretence you knew to be false.” Read more

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