Indian national being tried for 'money-laundering' in Jersey

Posted By: Nitsi
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London, Sep 28(ANI): Judgment in the appeal case of a non-resident Indian, Raj Arjandas Bhojwani, who received a six-year jail term over multi-million dollar money-laundering charges, is expected any day in Britain's semi-autonomous island of Jersey.

Bhojwani was sent to prison for six years after being found guilty in March.

Bhojwani was convicted of keeping ill gotten commissions arising from a contract in which it is alleged that he paid bribes to the Nigerian politicians at the time of General Abacha's corrupt regime.

He is said to have sold 'Tata' trucks from India to the Nigerian government at an inflated price in 1996-97.

His commission from the contract in question was banked in the same account as the rest of his business profits, totaling around 64 million pounds.

Bhojwani's defence to the charge was that the Nigerian government had not charged or prosecuted him and therefore the Jersey courts had no jurisdiction to charge him for an offence that was committed outside the territorial jurisdiction of Jersey.

He also argued that his actions were not criminal as he did not undertake the alleged conversation or transfer with the criminal purpose alleged by the prosecution.

The 52-year-old businessman was arrested in February 2007 while trying to catch a flight to the US, reportedly for medical treatment.

Jersey is known as one of the world's leading offshore financial centers.

However, with news compliance laws in place, Jersey is no longer considered safe for those who use offshore centers to hide their ill-gotten funds. (ANI)

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