Alpha-Beta Defends Tinubu, Accuses Ex-MD of Misappropriating Company's Funds - THISDAYLIVE

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Alpha-Beta Defends Tinubu, Accuses Ex-MD of Misappropriating Company's Funds

Managing Director of Alpha-Beta Consulting LLP, Mr Akin Doherty, on Friday, dismissed media reports that he ; former Lagos State Governor, Senator Bola Tinubu; and Alpha-Beta had been summoned by a Lagos High Court over alleged fraud and tax evasion.

Apara had on October 3, instituted a court action against Tinubu, Doherty and Alpha-Beta, alleging deep corruption, money laundering and tax evasion by the trio. “While he was MD, Apara used his position to siphon huge sums of money from the company including but not limited to fraudulently converting $5 million; money allegedly used to pay for cloud based services that were eventually discovered to be worth less than $300,000”.

“To date, he has refused to do so. Instead, Mr. Apara chose to embark on an aggressive smear campaign seemingly in an effort to blackmail us into ending the investigations into his misconduct.” “This court action by Dapo Apara is the continuation of Mr. Apara’s blackmail tactics and an attempt to distract from the huge funds he misappropriated from Alpha Beta while he was in charge of its affairs.

 

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