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Firm petitions IGP, INTERPOL over $25m transformer deal with Indians

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A law firm, LAWLEAD Consult, has lodged a petition with the Inspector-General of Police and INTERPOL concerning alleged Criminal Breach of Trust and Forgery in a $25 million transformer deal involving an Indian company, Transformers and Rectifiers (India) Limited.

According to a petition signed by Abubakar Yahaya Ndakene, the law firm urged the authorities to investigate the chairman and managing director of Transformers and Rectifiers (Indian) Limited, Jitendra Mamtora and Satyen Mamtora, respectively, regarding the accusations leveled against them and their company.

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Trouble arose when Transformers and Rectifiers (Indian) Limited secured a lucrative contract to supply transformers to the Transmission Company of Nigeria (TCN) in a World Bank-funded project facilitated by their Nigerian agent, P-NEC Nigeria Ltd.

However, the Indian company allegedly failed to fulfill its agreement to pay a commission of approximately 10% to its Nigerian counterpart, sparking a prolonged legal and corporate dispute since 2020.

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Despite receiving invitations from INTERPOL and being aware of ongoing legal proceedings in Nigeria, the Indian company and its executives have reportedly ignored these summons. Instead, they have sent Indian lawyers to monitor court proceedings in Nigeria.

In the words of the firm’s lawyer, “The defendants are absent. They sent lawyers from India – namely Aisnmwarya Reddy and Mr. Vinay Suarma to observe proceedings.”

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Efforts to resolve the matter and ensure accountability continue as the law firm persists in seeking justice for what they perceive as wrongdoing in the multimillion-dollar deal.

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