You are here: HomeNews2001 06 29Article 16266

Editorial News of Friday, 29 June 2001

Source: --

?1bn loss at Plant Poll - Witness on the run

The former Secretary of Plant Pool, Mr J.K. Wilson, now studying in America and on whose head has been shifted a colossal embezzlement and misappropriation involving over ?1 billion returned home dramatically last Friday but has since failed to show up at the Serious Fraud Office (SFO) probe to state his side of the case in the ongoing investigation into the affairs of the company, writes the Daily Guide.

The paper says is undercover investigation rather seems to suggest that the man, after all, plans to scuttle and scurry back to the US anytime.

Consequently, the security agencies are said to have put in place the necessary arrangements at all border points to have him apprehended should he make any false move to abscond.

According to SFO sources, the former Managing Director of Plant Pool Ltd., Group Captain B.M.K. Koko (rtd) and his deputy, Mr E. Markin have lumped the entire embezzlement during their nine years administration, said to be over ?1 billion, on the former secretary as his handiwork.

Peeved, Mr Wilson was said to have dashed back from a Masters Degree programme he was pursuing with the aim of clearing his name but, unfortunately, he did not show up at his former residence, rather a new house he is said to have constructed.