Harprrie Singh is yet another corrupt Indian businessman exploiting the Nigerian government and economy for personal gain. He is the Managing Director of the gigantic conglomerate, Stallion Group owned by the notorious billionaire Indian businessmen known as the Vaswani Brothers.
Back in mid-December 2015, Harprrie Singh was arrested by the EFCC during an investigation scrutinizing transactions carried out by the former National Security Adviser (NSA) with Jabbama Company, a bureau de change operator. Evidence emerged that Stallion Group paid N1.375 billion to the company, gifting about N1.3 billion to a former Minister of State for Finance, Bashir Yuguda. Singh’s involvement in the arms procurement investigation came to light when his company, Stallion Group was discovered to have had dealings with Jabbama Company, which the former National Security Adviser, Colonel Sambo Dasuki, used in carrying out cash transactions. However, N100million of the money was later returned, leaving a balance of N1.275billion.
It was further revealed that Jabbama converted the money into $114,750,000 US dollars and handed it to Mr. Yuguda who by the way, was already being prosecuted on multiple charges of fraud and money laundering. Mr. Yuguda was said to have explained to EFCC interrogators that the N1.175billion was initially received from the Stallion Group on Dasuki’s behalf, for political purposes.
Mr. Singh claimed his company had a $170million contract with the NSA to supply some vehicles of which he had already supplied the first batch of 50 vehicles as at November 2014 and was yet to be paid. He confessed that the money given to Mr. Yuguda was at the request of both Dasuki and Yuguda, to support their party. However, it was surprising to the EFCC detectives that a corporate organization with intentions of donating to a political cause will make such donations personally to the individuals instead of through their relevant political parties. Let us not forget that the Stallion Group and its owners, the Vaswani brothers have long been on the EFCC’s radar for their illicit business dealings.
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