Court Permits Indian Fraud Suspect To Travel Over Illness

Ashok Isran outside the courtroom in Lagos

Ashok Isran outside the courtroom in Lagos

By Henry Ojelu

Ashok Isran outside the courtroom in Lagos
Ashok Isran outside the courtroom in Lagos

An Ikeja High Court has ordered that the international passport of an Indian national, Ashok Isran allegedly involved in a N850 million bank fraud, be released to enable him attend to his ill health.

Isran was arraigned earlier this year by the Economic and Financial Crimes Commission, EFCC, alongside his company, Nulec Industries Ltd., a new generation bank and three management staff of the bank — Anayo Nwosu, Olajide Oshodi and Sunny Obazee.

Ruling on an application seeking the court permission to travel, Justice Harrison of the Ikeja High Court granted permission to Isran to travel to Geneva for medical treatment.

The nature of his sickness was not disclosed but the court ruled that he must return to Nigeria on or before 12 September.

Related News

Isran and his co-accused are facing a two-count charge bordering on conspiracy and obtaining money through false pretence.

The EFCC alleged that the suspects between July 2008 and August 2008 in Lagos defrauded a businessman, Sir Daniel Chukwudozie, of N850 million.

EFCC said that the bank had collected the money from Chukwudozie as payment for preference shares of Nulec Industries in an upcoming initial public offer.

EFCC further said the public offer never took place and added that it was a ploy by the defendants to defraud the complainant.

Load more