The Economic and Financial Crimes Commission, on Wednesday, arraigned a Malaysian, Tan Richard , before a Lagos State Special Offences Court in Ikeja for allegedly attempting to defraud Polaris Bank of € 250 m .
Richard was arraigned alongside his company , Coastal Asia Investments Limited, on five counts bordering on forgery , intent to defraud and use of false document.
The suspect , however , pleaded not guilty to the charges .
According to the EFCC counsel , Mohammed Bashir , the defendants and one Dr Sawang Jana (still at large) committed the alleged offences on September 27, 2018 , in Lagos .
The offences were said to contravene sections 363 (2 ) , 364 ( 1 ) and 409 , 5 (2 ) of the Criminal Law of Lagos State No. 11 of 2011 .
The anti - graft agency alleged that Richard and Jana , with the intent to defraud , attempted to obtain the sum of € 250 m from Polaris Bank Plc (formerly Skye Bank Plc) by false pretences .
The commission further alleged that Richard forged a Swift Telex Advice dated September 27 , 2018 , indicating the transfer of the sum of € 250 m to a Coastal Asia Investment Account number 1771828771 with Polaris Bank, while purporting same to be from HSBC Bank Plc , London, United Kingdom .
The defence counsel , O . A . Onifade , while urging the court to admit to his client to bail, noted that Richard had boils all over his body and needed medical attention.
He said , “The defendant was granted administrative bail by the commission and since then , the defendant has been consistently reporting at the EFCC’ s office in Abuja .
“ The defendant was brought to Lagos from Abuja yesterday (Tuesday) while I was just shown the charges right here in court around 9 am . The defendant’ s passport is still with the EFCC and he has boils all over his body, which require medical attention .
“ My humble application is that the defendant be kept in the custody of the EFCC pending the determination of his bail application by the court. ”
Justice Mojisola Dada , however, refused the application of the defence counsel and remanded Richard in the Kirikiri Prison.
The matter was adjourned till June 15 and July 2 for trial .