22 de Feb de 2020

Nacional

Nandwani jail bound

The chain of electronic shops left losses of $32 million and affected 21 banks when it went into liquidation in June 2002.

The chain of electronic shops left losses of $32 million and affected 21 banks when it went into liquidation in June 2002.

Ram Choithram Nandwani, was personally involved in Fotokina and he is accused of fraud. Apparently he did not deposit the profits of the shops into the bank account, but used it to buy expensive goods for himself and his family.

For the last few years, he has been in the United States apparently suffering from a serious disease that prevented him from traveling to Panama.

In 2006, the court told Ram Choithram Nandwani’s lawyer that his client has to appear in count within 30 days, but the defendant disobeyed the order.

Ram Choithram Nandwani must return to Panama as soon possible to face the fraud charges. If convicted he will serve a custodial sentence.