Court frees Indian businessman over alleged N120m fraud
The Federal Capital Territory (FCT) Abuja High Court yesterday discharged an Indian national, Gulati Ankit, held on behalf of DAMAC Star Properties LLC, Dubai, in an alleged $350,000 (about N120 million) property fraud.
Profitel Limited, a Nigerian company, had in 2015 sued DAMAC Star Properties LLC for alleged breach of contract and swindling of a deposit for nine apartments in Dubai.
The judge, Justice Y. Halilu, held that Ankit, DAMAC’s Business Development Manager was not an “alter-ego” of the company, adding that he (Ankit) could not be made to pay for the misdemeanour of the company.
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