A BID BOND, BANK DRAFT
, CERTIFIED CHECK, OR LETTER OF CREDIT FOR 10% OF
Two other men connected to the company, Raymond Folkes and Christian Obumneme, were convicted of handling forged multi-million dollar bank drafts
. The offences happened between February and March 1999.
The bank draft
taken from Mr Obumneme, of Prussia Street, Dublin, was part of a five-man conspiracy involving $143 million in forged cheques.
Yesterday he was sentenced to 120 hours community service after admitting theft and obtaining a bank draft
MOTORISTS have been warned to watch out for bogus car scams after a worrying hike in the number of sellers being duped by fake bank drafts
Highly expensive watches which could be used for video recording, fancy SUVs, toy pistols, spy equipment and bank drafts
are some of the items that have been seized from the possession of the con couple.
The decision to reduce the validity of cheques, bank drafts
and other instruments to three months announced by the Reserve Bank of India (RBI) earlier came into effect from yesterday.
He was jailed for six months, which meant his immediate release after he pleaded guilty to four charges of having false bank drafts
and cheques in pounds and euros totalling more than pounds 69m.
A MAN has admitted carrying false cheques and bank drafts
totalling more than pounds 69m.
Huang then signed off on bank drafts
in the company's favour that resulted in losses of 700 million yuan, Xinhua said.
Only postal orders or bank drafts
will be accepted.
'Bank of Ireland did not establish adequate systems and controls to monitor the issuing of bank drafts
and did not check that its staff understood fully their anti-money laundering responsibilities in relation to the recognition and reporting of suspicious transactions.'