Russian defrauds compatriot… of $2 million in business deal

Kafarov Ramazan, a Russian businessman resident in Ghana, is in the grip of the law for allegedly defrauding a compatriot of US$ 2 million.

He pleaded not guilty to a charge of defrauding by false pretences, and the court, presided by Mr. Francis Obiri, remanded him in police custody to appear again today.

He is said to have gone into hiding after defrauding V.V Rudenko, of the said amount with the assurance of conducting feasibility studies on a contract in Ghana.

Ramazan, a multi-millionaire with several establishments including mining concessions in Ghana, was alleged to have received the money through his ECOBANK accounts in Ghana for the execution of the agreement between him and his business counterpart, but failed to live up to his promise.

Prosecuting, Deputy Superintendent of Police (DSP) Abraham Annor told the court that the accused was arrested last Wednesday February 25, through the effective collaboration with INTERPOL Ghana, Interpol Russia and the Bureau of National Investigations (BNI).

He said on January 28, this year the Criminal Investigations Department received a message from INTERPOL Moscow requesting the arrest of the accused.

Ramazan, DSP Annor said, took the money as a loan from the victim, and transferred it into his ECOBANK account for the purpose of a joint business development.

Thereafter, all efforts to trace the accused proved futile, as he refused to either answer his phone or meet the business partner personally.

Following this development, a District Court in Rostovon Don, presided over by E.A. Levehenko, issued a bench warrant for his arrest.

DSP Annor said the joint collaboration of the INTERPOL and the BNI resulted in the arrest of Ramazan at his East Legon residence, and later put before the court.

Meanwhile, a bail application put in by his defence team was turned down, with the court setting aside tomorrow to rule on the bail application.

Yoni Kulendi lead counsel for the accused, said the fact that his client did not fulfil his obligation per se, did not amount to defrauding by false pretences.

He prayed the court to admit the accused to bail saying, “My Lord the police have taken custody of the accused’s passport, and he will not abscond from justice”.

By Malik Sullemana 

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