Is Khilnani’s fraud case bigger than Lagos?


By Abdulwaheed Usamah,

The last may not have been heard of the case of Mr Deepak Khilnani, the British Chartered Accountant of Indian descent, who is accused of stealing over US$8.8 Million from his Nigerian partners. This is because it appears that Lagos State might lose its prime position as an investment destination as investors are believed to now be placing high premium on the willingness of a state judiciary to protect them against fraud similar to the one for which Mr Khilnani was being tried until the state Attoney-General abruptly withdrew the case midway.

Business experts believe that this review by the investment community, coming in the wake of the sudden withdrawal of the case against Mr Khilnani midway, is more than mere coincidence.

It will be recalled that allegation of fraud leveled against Mr Khilnani by his Nigerian partners at Green Fuels Limited, was exhaustively investigated by the Nigeria Police in 2013/14, which included a forensic audit by KPMG.

http://www.theguildng.com/is-khilnanis-fraud-case-bigger-than-lagos/