BY SAM ALFAN.
Asset Recovery Agency (ARA) has demonstrated how funds linked to a private jet hiring firm were wired into the country raising alarm of money laundering claims.
Through agency investigator Alfred Musalia, the agency said in documents filed in court the funds were wired by a man from the USA.
“Unless this court grants the orders sought, the respondents and the interested party shall illegitimately enjoy the economic advantage derived from the commission of crimes and acquisition of proceeds of crime or profits and benefits of crime,” investigator told the court.
According to the investigator, the statement of Fletcher demonstrates the manner in which the company fraudulently obtained the funds in issue from him without delivering goods or rendering any service to him.
Musalia said investigations have established that the funds are proceeds of crime which should be forfeited to the state.
Contrary to the assertions by Cullinan Private Jets Corp Limited and Glo Jets International Limited, the officer said ARA has established that the funds in issue were fraudulently obtained from Rondell Maurice Fletcher, a citizen of the USA.
“I established that the said Rondell Maurice Fletcher deposited a total of USD 400,000 into his Mazuma Holdings Account number 6897943574 held at Wells Fargo USA,” Musalia said in an affidavit.
The investigator said a total of USD 412,746. 55 was then transferred from Mazuma Holdings Account number 6897943574 held at Wells Fargo USA to Cullinan Private JET USA Account number 9984784992 held at Wells Fargo USA.
He also established that a total of USD 333, 718.35 which is part of funds in issue was sent from Cullinan Private JET USA Account number 9984784992 held at Wells Fargo USA to Cullinan Private Jets Corp Limited Account number 01904057361250 held at I&M Bank.
“The funds were subsequently utilized by the Respondent for various purposes which are not the intended purpose safe for the amount preserved,” he added.
The agency was responding to the company documents filed in court in which ARA applied for the account to be freezed pending forfeiture proceedings.
The court has already freezed the the two exclusive jet companies accounts.
