Bank accounts of about $14.2 million linked to embattled Air Peace boss, Mr. Allen Onyema have been frozen by authorities of the United States.
Apart from commencing efforts towards securing final forfeitures of the funds, the US Department of Justice, through the United States Attorney’s Office, Northern District of Georgia,had last week, made public the indictment of Mr Onyema and the airline’s head of finance and administration, for over $20 million bank fraud and money laundering.
However, the charges stated that Mr Onyema used several companies he set up in the U.S. to launder funds and commit bank fraud through the issuance of counterfeit letters of credit.
The US Government revealed that it also traced and seized $5,634,842.04 held in Bank of Montreal in the name of Bluestream Aero Services, Inc, adding that it would not be making any more public comments regarding the indictment of Chairman of Air Peace, Allen Onyema, for bank fraud and money laundering.
Allen Onyema and his staff have strongly denied the allegations, saying they look forward to proving their innocence in court.