Tuesday, 13 January 2015

Money Laundering: EFCC Begins Investigation Into 2 Chinese Firms’ Scam Against First Lady, Govs

The Economic and Financial Crimes Commission (EFCC) has launched a massive investigation into money laundering scam involving eight officials of two Abuja-based Chinese firms – Sanju Sunny Nigeria Ltd and China Railway Engineering Nigeria Ltd – who dropped the names of the First Lady, Dame Patience Jonathan and some state governors in the country to siphon money into their country of origin in China.

LEADERSHIP had exclusively reported yesterday the ingenious money laundering scam where some errant officials of the two firms claimed to have bribed certain government officials with millions of local and foreign currencies whereas the said money were laundered to China.

The eight officials of the two firms (some of who are now at large) prepared cash vouchers for false returns to their parent companies in China between 2010 and 2013. The suspects are Geng Xiancheng, Cheng Qian, Tian Hui, Liu Zuzhi(at large), Ms Tian Xue (at large), Tian Wei (at large) Qin Fuhua (at large) and Li Pengtang (at large).

A top official of the anti-graft agency, who sought anonymity because of the sensitive nature of matter, told LEADERSHIP last night that: “I can authoritatively tell you that operatives of the commission have begun massive investigation into the matter. I can also tell you that certain arrests were made while some of the suspects are at large.

“Some of the suspects have made useful statements to the commission. I can also tell you that we are about to conclude into the matter. As soon as investigation is concluded, we are going to charge them to court for corruption, money laundering and other financial crimes.

“We are ready to pursue the matter to its logical conclusion as we believe that some of these foreign firms have been doing this kind of racket in order to tarnish the image of the government. How can you claim to bribe government officials here while the same bribe money is wired to your country? We are ready to put end to this,” he said.

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