V-Mobile $37Million Shares Fraud-Bhadresh Gohil, Ibori’s UK Lawyer Sentenced To 7 Years In Prison

Bhadresh Gohil and Theresa Ibori
Henry Imasekha : criminal-at-large
David Edevbie: Also on the run
By SaharaReporters, New York

Judge Christopher Hardy sitting at  a packed Southwark Crown Court today told Bhadresh Gohil  a partner at Arlington Sharma Solicitors and James Ibori’s lawyer; “you have brought shame on your family, your profession and your country”  as he handed down a sentence of over 7 years to him.  (Sentence Count 1; Conspiracy to defraud -7 yrs , Count 2:  Conspiracy to make false instruments - 3 ; 5 years  and count 4-8  involving Money laundering and Proceeds of Crime-
3 years)

Gohil who was already in custody at Wandsworth Prison following the conclusion of another trial involving Ibori’s wife, sister and mistress was told by the judge,  “ You were a solicitor of the supreme Court and holding out as a man of integrity”.  Adding “It’s said the real villains are in Nigeria, but this fraud required special expertise and you lent yourself to it”.  Gohil was described by the judge as the “architect” and the predicate offender in a thoroughly dishonest scheme which had been devised simply to divert resources of Nigerian state funds into the pockets of others from the sale of ‘V Mobile’ shares, the third largest wireless network in operation in the whole of the African continent now known as “Airtel.”   Gohil went to extra ordinary lengths to carry out the fraud with no regard for his professional duties.  In fact the police found evidence implicating him in fraud in another case already heard concerning Mr. Faustin Kabwe of Zambia who is already serving a sentence.

Sasha Wass QC for Prosecution told the judge that are two elements to this crime; “the Fraud and the Money laundering”.  

In 2005 whilst James Ibori was the Governor, the  Delta State owned  18% of the shares in V Mobile and  The Akwa Ibom state owned 10% with  Obong Victor Attah in power.   Both were on the board of V Mobile and privy to all the dealings.   So in June 2005, when a sale of the company  was considered there were already offers on the table from major international operators such as Vodaphone, Virgin, Celtel and Econet amongst others.   By late 2005 the market had been fully tested and although there was no requirement for any additional advice and due to the greed of our leaders, both James Ibori and Victor Attah together decided to plunder the asset and divert funds to their own coffers.

Other Nigerian officials accused in the scam are currently at large. They include Mr. Ibori, former Governor Victor Obong Attah of Akwa Ibom, David Edevbie, a former Principal Secretary to Umaru Yar'Adua, Love Ojakovo, a former commissioner of finance to Ibori and Henry Imashekka, a business associate of Ibori.

Gohil was recruited and it was he who masterminded a simple scheme and set up a fake company as a consultancy called ADF (Africa Development Finance) which would charge exorbitant fees ( five to six times of that charged by top UK solicitors, for their alleged service and to arrange the sale.  Gohil created a pretence that it was necessary for the Delta State and Akwa Ibom state to consult another company-ADF and charged $19 million and $18m respectively and sent to Access bank in Nigeria.    

The basis of the fee would be a 5% flat commission and 25% -30% success fee for any price achieved over $6.5 per share.  This even though the market was already established at between $6.45-$8.05 per share.   The prosecutor Sasha Wass said “it is like betting after a race is concluded”.  The fees were not legitimate or necessary but merely a mechanism to divert money to James Ibori and Victor Attah.   It was always intended that no work would be undertaken but money diverted.   Mr. Gohil from his luxury offices in St James in London, created a false paper trail by his own efforts and by instructing his junior trainees.  A false agreement was typed up and Gohil forged  the  necessary signatures.     

Once funds were received at the Access bank in Nigeria various company vehicles were used to launder the cash including Brookes Aviation, E F Samuels, Ascot Offshore Nigeria Ltd, Esconet and Cran Brasil Nominees Ltd.   Both De Boer and McCann were FSA approved and were recruited by Gohil to play a part. 

The Judge also told the co defendants ; Lambertus De Boer aged 65 and  Danial MCann aged 68 that,  “I am satisfied that you were both drawn in innocently in Mr Gohil’s schemes and if you had not been then it would have been very serious for you”.   Although both co-defendants’ lawyers made a case for  suspended sentences, the Judge said that “Court of Appeal says that white collar crime is still a crime” and handed each a 30 months custodial sentence.
Mr. Gohil faces further  sentencing  regarding an earlier trial known as “Ibori Trial 2” which concerns the trial of Ibori associates already sentenced to five-year jail terms , that sentencing is  adjourned till  April  8 2011.

Charges:
1. Conspiracy to defraud-Common Law Between 01/09/2005 and 01/01/2007
1. Conspiracy to defraud: That Bhadresh babulah Gohil, Lambertus de Boer and daniel benedict Mc Cannn between the 1st day of September 2005 and the 1st day of january 2007 conspired together and with Jmaes onafefe Ibori, Victor Attah, david Edevbie, Love Ojakovo , and others to defraud state within the Federation of Nigeria, namely Delta State and Akwa Ibom State, of sums representing part of the sale of shares owned by the said states in Vee Networks (Nigeria) Limited (trading as V Mobile) to Celtel (Nigeria) BV, and held in the names of their respective authorized ministries or agencies the said sums being paid to a company named African Development Finance Limited or its predecessors under an Exclusive arranger Agreement to a total invoiced value in excess of $37,000,000 United States dollars   Contrary to common law. H.O 53/4 Local None CJS COL011  2. Make a false instrument with intent it be acceoted to genuine-Forgery and  Counterfeiting Act 1981  Between 01/09/2005 and 01/07/2007

2. Conspiracy to make false instruments:  That Bhadresh Babulal Gohil, Lambertus de Boer and Daniel Benedict McCann between the 1st day of September 2005 and the 1st day of July 2006 conspired together and with James Onafefe Ibori, David Edevbie, Love Ojakovo and others to make false instruments, namely letters and other documents  whuich purported to be made ondate or otherwse in circumstances in which they were not mad, in relation to alleged services provided by African Development Finance or its predecessors in relation to the sale of shares by Delta State in Vee Networks (Nigeria) Limited (trading as V Mobile), with the intention that they or another should use the said letters and documents to induce  somebody to  accept them as genuine and by reason of so accepting to do, or not to do, some act to his own prejudice or that of any other person.    Contrary to section 1 (1A) of the Criminal Law Act 1977.   H.O 61/21 Local None CJS FC81002 3. Proceeds of Crime-arrangement re criminal property -money launder   Between 15/04/2006 and 09/09/2009

3. Money Laundering:  That Bhadresh Babulal Gohil, Lambertus de Boer and Daniel Benedict MCCann with others between the 15th day of April 2006 and the 9th day of September entered into or became concerned in an arrangement which they knew or suspected facilitated (by whatever means) the acquisition, retention, use or control of criminal property by or on behalf of another person or persons, namely the use  of the company African Development Finance Limited or its predecessors as a front to receive and launder on behalf of another person sums paid to it under the terms of an Exclusive Arranger Agreement, up to an invoiced total in excess of $37,000,000 United States dollars, in relation to the sale of shares owned by Delta State and Akwa Ibom State in Vee Networks (Nigeria) Limited to Celtel (Nigeria) BV on or after the 15th April 2006.

 4. Proceeds of Crime -arrangement re criminal property-money launder  Between 15/04/2006 and 09/09/2009 That Bhadresh Babulal Gohil, Lambertus de Boer and Daniel Benedict McCann between the 15th April 2006 and the 9th September 2009 together with others entered into or became concerned in an arrangement which they knew or suspected facilitated (by whatever means) the acquisition, retention, use or control of criminal property by or on behalf of another person, namely the sale of the assets of the company African Development Finance Limited or its predecessors to another company vehicle, on terms which would represent a gross undervaluation of those assets to a legitimate company.  Contrary to section 328 of the Proceeds of Crime Act 2002  H.O. 38/2 Local None CJS PC 02006 5. Proceeds of Crime-conceal/disguised/converted/transfered/removed criminal property



5. Money laundering:
That Bhadresh Babulal Gohil, Lambertus de Boer, and Daniel Benedict MCCaann on or about the 21st December 2006 together with James Onafefe Ibori, Victor Attah, henry Imasheka and others concealed, disguised, converted and transferred criminal property, namely the sum of $10 million (USD) being a purported loan from African Development Finance Limited to a company named Ascot Offshore (Nigeria) Limited, they knowing or suspecting that that sum constituted the benefit from criminal conduct of another person, or that it represented such benefit in whole or in part and whether directly or indirectly.


Contrary to section 327 of the proceeds of crime Act 2002
H.O. 38/1 Local None CJS PC02020

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INNOCENT

I THINK HE HAS INNOCENT HE DIDN'T DO THIS THING I THINK THAT THE POLICE WILL LEAVE ME HIM AND LET HIM GO TO HIS FAMILY.

THANX

I am ashame that you can say

I am ashame that you can say this about your President. President Goodluck is right there in Abuja doing his bit to see that Nigeria improves in all ramification,and you are here castigating him. How are you contributing your quota to the growth of this country as a person? which governor or public officer have you petitioned to the EFCC and they fail to act?
Please be more civil in what you say. Thank.

LOL

Haaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaahahhhhaaaaaaaaaaaaaaaaaaa

IBORI

...Ibori is not Nigeria...he's history now... 

attah come and respond to

attah come and respond to this allegation.shame on you.

Tinubu in jail or set Ibori free

Until Tinubu is put in jail, Ibori should be set free. Because Tinubu was equally involved in the deal.

Shoot Dem Surporter.

Jamba Baba.

I Surport you 100%. We should Shoot Dem.
Now we know them. They have NO Shame. They don't even know the Spelling of SHAME. They spell it SAME.

Nigeria will wake up to fish out these Rouge Elders.

They have NO Values any more. What are they teaching their Children and the Youth.

The Youth MUST do something about these People.

Fish them out and Finish them.

Probe ALL Former Governors and put them in the Gallows if found wanting.

We Concerned Citizen are watching.

One day will be one day. When they will be disgraced by the Nigerian Youth. i.e. when they wake up like Egypt.

Emi.

0805 3664 170.

emiolaodewumi@hotmail.com

acn is dead without flogging the IBORI case

ACN IS DEAD WITH RAISING THEIR SENTIMENTS ON IBORI. HAPPILY THEY HAVE MORE CORRUPT PEOPLE IN THEIR PARTY THAN PDP

Never an Igbinedion Story.. Biased SR

Why I like the fact that you put Ibori story here all the time.. Why don't you ever put Igbinedion's stories on here. I think you have link to Igbinedion..

Ibori.......

When are we gonna hear the last of Ibori and his ways. I hope he repents. Nigerian companies are hiring, visit http://www.nigerianjobsdaily.com/ to get daily job postings.

Is Victor Attah path of your family?

I think you have a personal issue here my brother and is so obvious in the way you rained insults on the journalist

I will never vote

I will never vote for GEJ for as long as IBORI is not brought to justice in the UK.

Shame to his family?

Our corrupts Judiciary 's an extension of PDP criminals, it can't even spell 'SHAME' because is not existing in Nigeria. PDP celebrate shame and not the other way round. Nigeria Attorney General and Minister of NON Justice will soon take over the case from Judge Christopher Hardy, because of the sensitivity and not to mishandle it. Dear Brothers and Sisters, OPERATION VOTE PDP OUT OF POWER NOW!!!

SR, LEAVE VICTOR ATTAH OUT OF THIS

SR, you write as though Attah is a defendant in this case. I am sure that the Britts would have issued an arrest warrant on Attah if they had evidence that he did something criminal. Don't you think that they are honest enough not to single out Ibori and his Associates and the leave Attah and the others untouched? The fact is that Attah, as well as Akwaibom state were investors in this deal. As such, Attah had to actively participate in the sales to ensure that both interests were covered. Any investor would do so. Or do you think that Attah should have folded his hands and sit and watch his investments be claimed by another.

Behold, your approach to journalism is altogether childish, disoriented and often fabricated lies. You need some more training.

SHAMELESS NIGERIAN LEADERS

INSPITE OF GLOBALIZATION AND IMROVED GLOBAL ECONOMY NIGERIAN LEADERS ONLY DISPATE THEIRN ENERGIES IN LOOTING THE TREASUIRES AND IMPOVERISHING THE SOCIETY EVEN THE MORE...
ITS UNFORTUNATE THAT ITS IN NIGERIA PEOPLE CELEBRATE. AID AND ABET CRIMINALS SUCH AS OUR PRESENT DAY LEADERS.
IBORI AND HIS LIKES ARE REPLETE IN NIGERAI TODAY WALKING FREE ON NIGERIA STREETS WITHOUT SHAME.

UNTILL SOMETHING URGENT IS DONE LIKE ITS HAPPENING NOW IN THE MIDDLE EAST, IT WILL BE A RECURRING DECIMAL...IN THIS COUNTRY THE FEW HOLD THE MASSES TO RANSOME.

Our God no dey sleep.

God go thunder them one by one, derange purverts.

Where Is "Saint" Obong Victor Attah?

I had thought that Obong Victor Attah, the ex-Governor of Akwa Ibom state was a SAINT. Where is he hiding? I would want him and his supporters to come out now and dispute this. It's time for EFCC to round him up to face the music for laundering Akwa Ibom State money. I dey laugh O!

SHOOT DEM

Shoot dem before they can escape....shoot dem well well for firing squad.....Armed Robber na firing squad.....Pen Robber.....na suite for Hilton Hotel.Shoot dem and close the case, the rest can fall in line or face death by firing squad.....see bode george, he teef Billions and go the yeye kirikiri jail for less than 18 months,he came out dancing and celebrating......If he was excecuted, will we have to be dealing with that bulshit and nonsence......NO.SHOOT DEM...FOOLSTOP.Yeye people, only in Nigeria.....na only we get teef for our country.HABA!!!.

Nigerians have already voted for GEJ

Those Nigerians who intend to cast their votes for GEJ, are not based in Europe and America. They typical, ordinary every day Nigerians at the grass root level. They who dont even know a thing about SR. And more often than not, dont have the time and energy to waste on sites influenced with our looted 20b from the Police Service Commison by Ribadu. Hope the PSC, is able to do their work with a clear consncience. By calling on Ribadu to refund the money he stole from EFCC. This time he would not have the backing of the Americans. Part of the stolen money from Balogun, I am sure is what Ribadu and co, are using to hire helicoptors to fly them about. Where did the money come from for the jets that they have been using. From Tinubu or Fshola? Why are they afraid to use our roads? Tinubu should be told to leave Ibori alone. Remove Ibori from Ribadus CV and is as dead as the doodo.

@Benson

Benson, Switzerland-Have you asked GEJ why Orji Kalu, Jubril Aminu, Tinubu and Ribadu are walking around the country side begging for our votes again? Are they not wanted men? Would be able to tell us from your heart of hearts that these men are free of corruption? Is Buhari campaign not being financed with money that they stole from Yara Adua? Take a close look at those in his camp. You will discover to your shock that, his followers are made up all the very people who shamelessly forged Yara Aduas signature on the budget while he was in Saudi Arabia. Stop playing the blame game. Nobody is forcing you to cast your blood stained vote for GEJ from Switzerland.

When is Tinubus trial for fraud going to begin in Nigeria?

When is Tinubu going to be arested for his role in this fraud. How can we be talking about justice DAILY, while the real thieves are flying about in rented aircraft and pleading for our votes again? Its like corruption in Nigeria, has pope-ish looks. Some thieves are treated as vilians while the chronic crooks and certificate forgers, are being blessed on the pages of newspapers. Any time the law enforcements agents, make moves to arrest Tinubu and Ribudu, its Jonathan who is after them. Ribadu has a case of 20b hanging over his neck. Now Tinubu is alleging that, Jonathan wants to assassinate him. Just to escape from the arm of the law. Let Tinubu go and face the music like Ibori and others at large.

UK, US doing their part

Those that try to undermine US and UK laws are being set to jail. Haliburton, Siemens, V-Mobile, etc.

But the Nigerians involved are walking around free as we don't have laws, while our mumu GEJ is looking on still having the guts to ask for votes.

Please, can anyone convince me why I should have hope in this wrteched, everything-goes country?

I still dey laugh!!!

ibori

gej will cause revolution in this country if he bring ibori back here without facing his corupt charges in the Uk.

Vote For Bad Government Please.

For 12 years PDP could not provide food. For 12 years PDP can not provide water. For 12 years PDP can not provide electricity, shelter, and security. What we have is judicial fraud, custom chief with certificate forgery over his head, and no presidential inquiry, celebration of criminality as during the release of Bode George, Killings and Kidnapping all over the place, and abandoning of the youths. Mass failure in WAEC, closure of hospital...the list goes on and on, and you still want PDP to be voted. Only a fool will vote PDP in th enext election. No sentiments. Even if I am from GEJ house, I will not risk the future of my coutry to vote him and his co travellers.
Give us a break and stop asking for PDP vote. They are a party of liars and corruption with impunity. Vote PDP, and Vote For bad Government!

Why waste time sentencing Ibori

I don't really know why time is being wast
ed on sentencing Ibori.

Ibori is next

I wish that they would all stop wasting tie a

What happened to Attah the

What happened to Attah the former governor of Akwa Ibom state that means some body some where is covering him up. No wonder he has gone underground! Godswill Akpabio please wake up and unearth this man.

JONATHAN ALREADY HAS IBORI

JONATHAN ALREADY HAS IBORI AND UDUAGHAN AS FRIENDS. THIER CUPS WOULD RUNOVER SOMEDAY!

THERE IS NO CLEARER EVIDENCE THAN FOR JONATHAN TO HAVE RIGGED ELECTION FOR UDUAGHAN IN FEBRUARY 2011.

JONATHAN HAS ALSO CRIPPLED THE EFCC BECAUSE HE WANTS TO WIN ELECTION BY ALL MEANS. FOR THAT REASON ALL CIVIL SERVANTS HAVE GONE TO TOWN STEALING EVERY AVALAIBLE FUNDS IN TREASURIES THAT ARE YET TO BE STOLEN BY POLITICIANS, AFTERALL NOTHING GO HAPPEN.
A FAILED STATE!

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