MASTER OF ALL FRAUDS!
• Nigeria Police arrest Chinese for defrauding own government,
recover $644, 171
IN a rare display of honesty and integrity Thursday, the Nigeria Police
Special Fraud Unit (SFU) has recovered N105, 000,000.00 from a suspect who
defrauded Chinese government.
The money, which was recovered by detectives at the Diplomatic Unit of the
SFU-led by the team manager, Toyin Agbaminoja, a Chief Superintendent of Police
(CSP) was openly returned to the Chinese government at No 13, Milverton Road,
Ikoyi office of the SFU.
Speaking to newsmen in Ikoyi Thursday, the Commissioner of Police in charge
of the Special Unit, Mr. Tunde Ogunshakin, said the police swung into action
following an appeal by the Chinese Consulate in Nigeria to nip a Chinese
fugitive who ran away from the shores of China following fraudulent activities
in the country.
The suspect, Fang Yang, is still in detention at SFU cell pending further
investigation and directive from the Chinese diplomatic community.
“On 28th August 2013, the Chinese Government through its Consulate in
Nigeria contacted the Nigeria Police, Special Fraud Unit for collaboration to
nip a fugitive who ran away from the shores of China to Nigeria.”
“The Chinese government complained through a letter that Fang Yang and Leng
Jiqing, former Legal Representative of Qingdao Sifang Qiaolian Trade Co.
Beijing, were wanted for 8million Yen loan syndicated through a fake bank
deposit receipt in 1996 to get a mortgage from Second Sub Branch of China
Agricultural Bank of Qingdao,” Ogunshakin said.
According to him: “After the bill was discounted, the majority of the money
was paid for the debts of their company and balance spent for the daily expenses
of the company, while only 1.55million RMB was paid back to Licang Second
Sub-Branch of Qingdao Branch of China Agricultural Bank. This led to a loss of
6.45million RMB to the bank.”
According to the guardian newspapers, Ogunshakin said the major suspect in the fraud; one Leng Jiquing has
already been sentenced to life imprisonment.
He said: “The main suspect, Leng Jiqing was arrested and sentenced to life
imprisonment in China while Fang Yang ran to Nigeria.
Detectives from the Unit swung into action and the suspect, Mr. Fang Yang,
who resides in Nigeria, was apprehended at Golden Silk Ovic, Ogun State after
three weeks of chase.”
“The suspect, a 50-year-old Chinese businessman who came to Nigeria in
2001, in his statement admitted to the allegation leveled against him that he
joined a company named Si Fang Qiao Lian in China as a Deputy Manager, that the
MD of the company gave him two fixed deposits draft with his name on one and the
name of the Branch Manager on the other. He instructed him to take the cheques
to a Bank named Li, Lang Nong Ye Yi Hong. That the cheques were used to obtain
loan from the bank and that they could not pay back the loan.”
“He stated further that the case was taken to court in China and that the
sum of 1.8million Yen was paid back to the bank while the remaining balance was
unpaid. He then relocated to Nigeria to start his own business and new
life.”
Ogunshakin noted that after interrogation, the suspect confessed to the
crime and his readiness to pay back the remaining sum of 4million Yen, which is
an equivalent of N105, 000,000.00 (One hundred and five million naira only) in
dollar denomination of $644,171 and the money has been recovered..
“The Unit hereby hands over the sum of $644,171 being amount recovered for
the unpaid loan obtained from Second Sub Branch of China Agricultural Bank of
Qingdao to the Nigerian Chinese Embassy for onward transfer/delivery to the
Chinese authorities.”
“I use this medium to advise criminals who commit crimes outside the shores
of this country that Nigeria is not a hiding place for them and that the Police
will always fish them out,” he declared.
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