Fraud Allegation: “Freezing Order” Issued Against Opposition MP

A freezing order has been issued by Chief Justice Rehana Mungly-Gulbul against 11 individuals, including PMSD MP Khushal Lobine, and three companies, following a request from Stanford Asset Holding Limited (SAHL) and its subsidiary Greenway PCC.

These entities claim to be victims of a fraud amounting to USD 11.1 million (Rs 500 million).

Khushal Lobine, also a lawyer, is accused of receiving 46,750 USD from this alleged fraud.

The freezing order prevents Khushal Lobine and others from disposing of their assets and funds in their bank accounts. However, exceptions are allowed for necessary expenses and legal fees upon application to the Supreme Court. Lobine, who had represented Key Stone Ltd, asserts that the received Rs 2 million stands as his legal fees for representing the company in an ongoing case involving investment funds.

Lobine said he is “shocked and outraged” about the freezing order request. He sees this situation as potentially harmful to the legal profession and believes there might be an occult agenda behind these actions. The freezing coincides with a significant political rally scheduled in his constituency (Vacoas) today, Friday. 

Source: L’Express