An Indian national, Yuvraj Kumar Mehra, has been arraigned by the Ibadan Zonal Command of the Economic and Financial Crimes Commission (EFCC) on eight count charges bordering on conspiracy and issuance of a dud cheque in the sum of N70 million.
The defendant was arraigned before Justice Olanrawaju Majekobe of the Ogun State High Court alongside his firm, Dolphin Steels Nigeria Limited.
Yuvraj was docked for failing to pay the Ibadan Electricity Distribution Company (IBEDC) the said sum for power supplied to his company.
Investigation carried out by the operatives of the Ibadan Command revealed that the defendant issued a total number of thirteen dud cheques for N125 million to IBEDC between October 2, 2018 and December 3, 2018.
Following persistent effort by IBEDC, the defendant made a part payment but reneged in paying the balance of N70 million while all efforts to get him to pay the outstanding sum were futile.
One of the counts reads: “That you Yuvraj Kumar Mehra, Dolphin Steels Nigeria Limited, Mohit Gupta (at large) and Sushil Kumar (at large), on or about the 5th of December, 2018 at Sango Ota within the Jurisdiction of this Honourable Court conspired to commit an illegal act to wit: issuance of Dishonoured Cheque, an offence contrary to Section 516 of the Criminal Code, Cap 30 Laws of Ogun State.”
Another count reads: “That you Yuvraj Kumar Mehra, Dolphin Steels Nigeria Limited, Mohit Gupta (at large) and Sushil Kumar (at large), on or about the 5th of December, 2018 at Sango Ota within the Jurisdiction of this Honourable Court knowingly and fraudulently issued Zenith Bank Plc Cheque No. 2493, dated 30th of November, 2018 in the sum of (N10, 000, 000.00) Ten Million Naira only, made payable to Ibadan Electricity Distribution Company, which when presented for payment was dishonoured on the grounds that no funds or insufficient funds were standing to the credit of the account on which the cheque was drawn.”
