Mr. Elias Nimho Preko, the financial advisor to embattled former Delta state governor, Chief James Ibori is now free man after a London jury Friday found him not guilty on three charges bordering on forgery and money laundering for which he has been standing trial with his principal.
His trial, lasted after three weeks of intense legal fireworks in the court.
The jury was however hung on two other counts of money laundering brought against him by the Crown Prosecution.
Preko was charged alongside Ibori but Ibori shockingly pleaded guilty to ten select charges citing mounting legal bills incurred defending the charges against him.
But the Crown Prosecution pressed ahead charging Preko on five counts bordering on money laundering and forgery. After a few weeks of a keenly contested trial, he was acquitted on three counts and the jury was hung on 2.
After the jury’s verdict inside the Southwark Crown Court, a frustrated Crown Prosecution had immediately moved for a retrial on the two-counts the jury failed to agree on but the judge rejected their request and directed that they give it some more thoughts and thereafter adjourned to Wednesday April 17, 2012.
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