Notorious Indian Fraudster, Santosh Singh in N175M Scam Saga

A Federal high court sitting in Lagos south west Nigeria, while adjourning till 30th of January, 2023 for the trial of an Indian businessman Santosh Singh, and his company Thramaseed Impex Limited who were arraingned alongside a Nigerian, Lakunle Bello Shola issued an order of arrest of the Indian alleged to have absconded.

Sometime in the year 20219, the Indian business man Santosh Singh, his company Thramaseed Impex and a Nigerian Lakunle Bello Shola were arraingned before the court on a two count charge of conspiracy and obtaining by false pretence goods worth N175,421,600.00

Then they applied for bail through their counsel, but the Police prosecuting officer Barrister Azubuike Sylvester in a counter affidavit filed and argued before the court, stated that bails falls within the discretionary power of the court but desire to inform the court that Santosh Singh 43,is a foreign National of Indian origin, consequently if the court is mindful of granting bail to him, the court considers the nature of the case and grant bail in such terms and condition that will guarantee the attendance of the defendant in court trial.

Despite the stringent condition of bail the Indian business man,after fulfilling the condition of his bail he absconded.

The two count charge as filed before the court against the defendants by the prosecutor Barrister Azubuike Sylvester from the legal/prosecution section of the Nigeria Police Special Fraud Unit Milverton Road Ikoyi Lagos, Nigeria, is stated below.

COUNT ONE

That you Lakunle Bello Shola ‘M’, Santosh Singh ‘M’, Thramaseed Impex Limited and Vivek Bansal ‘M’ now at large, sometime in August 2019 in Lagos, within the Jurisdiction of this Honourable Court, conspired among yourselves to commit a felony to wit: obtaining by false pretences 240 Metric Tonnes of Sesame Seed, 118.9 Metric Tonnes of Cashew Nuts valued at N175,421,600.00 (One Hundred and Seventy Five Million, Four Hundred and Twenty One Thousand, Six Hundred Naira Only) property of a Company known as Continental Logistics Limited, contrary to Section 8(a) and Section 1(3) of the Advanced Fee Fraud and Other Fraud Related Offences Act No. 14 of 2006 punishable under Section 1 (3) of the same Act.

COUNT TWO

That you Lakunle Bello Shola big, Santosh Singh ‘M’, Thramaseed Impex Limited and Vivek Bansal ‘M’ now at large, sometime in August 2019 in Lagos, within the Jurisdiction of this Honourable Court, with intent to defraud, induces a Company known as Continental Logistics Limited, to confer benefit to you by transferring 240 Metric Tonnes of Sesame seed 118.9Metric Tonnes of Cashew Nuts valued at N175,421,600 to you by falsely representing to the company that you have sought and obtained the authority of the company to release the goods from the company’s warehouse in Lagos and Kano a representation you knew to be false or does not believe to be true and thereby committed an offence contrary to section 1(2) of the Advanced Fee Fraud and Other Related Offences Act,but punishable under section 1(2) of the same Act.