$6.7 MILLION FRAUD: ASHOK ISRANI, GLOBACOM MARKETING DIRECTOR CHARGED

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Chief Executive Officer, Globalcom, Mr. Mike Adenuga

Admin l Monday, April 16, 2018

IKEJA, Lagos, Nigeria – Executive Director, Marketing, Globacom Nigeria Ltd, Mr. Ashok Israni has been charged to court by the Economic and Financial Crimes Commission(EFCC) on one count charge of fruad, for defrauding a foreign firm, Emitac Mobile Solutions, LLC. Dubai to the tune of $6.7 million.




Israni could not be arraigned along with Globacom before Justuce Olushola Williams of a Special Offences Court, Ikeja today due to absence of the first defendant. EFCC Prosecutor, Anslem Ozioko EFCC said invitation letters were sent to Israni, who is on administrative bail but that he failed to honour the invitation. Mr. Ozioko, who is also Head of Legal, EFCC prayed for short adjournment to enable the agency make arrangement to arrest the first defendant.

According to the charge sheet, Mr. Ashok lsrani and Globacom Limited sometime in 2008 in Lagos with intent to defraud, induced a foreign firm, Emitac Mobile Solutions, LLC. Dubai to provide Blackberry Solutions Services valued $6.7 milllion on the understanding that the benefit would be paid for which pretence they knew to be false. 

The matter has been adjourned till May 15, 2018 for possible arraignment.

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