Sunday Adelaja - Accusations of Fraud

Accusations of Fraud

Adelaja was accused in November 2008 of being involved in the dealings of King’s Capital, a financial group led by a former member of his congregation. The company promises as much as 60 percent returns on investments and drew many of its investors from the church. Later several former church members went to the authorities saying they were unable to recover the money they invested, which left many of them bankrupt. Police later arrested one of King’s Capital leaders, Aleksandr Bandurchenko, on suspicion of fraud.

On February 5, 2009 a criminal case against Sunday Adelaja was filed on suspicion of fraud. Investigators say they have testimony indicating that Adelaja was involved in the financial machinations allegedly committed by the King’s Capital financial group. Kiev’s Mayor Chernovetsky, himself a church member, had earlier said that Adelaja was not involved in the financial scheme at King’s Capital.

In September 2009, the Ministry of Internal Affairs of Ukraine admitted that they have exhausted their possibilities in the criminal case against Sunday Adelaja. Since the Ministry of Internal Affairs has still delayed and refused to take the case to the court the Embassy of God church and Sunday Adelaja has initiated a lawsuit against the Ministry of Internal Affairs and the Police of Ukraine for unlawful accusation and libel. The judge has asked the Ministry of Internal Affairs to show their evidence for their accusation of fraud, but after five court hearings they have still not provided any evidence to support their accusation.

On October 12, 2009 Kiev investigators questioned Adelaja in connection with the fraud accusation. During a press conference On October 14, 2009 the Minister of Internal Affairs Yuriy Lutsenko said that the pre-trial proceedings had found out that from October 2006 to May 2008, Adelaja and others embezzled property of people most of whom were the believers of the Embassy of God church. The total amount of the damage due to these actions is over UAH 1.5 million in accordance with evidence provided by several witnesses, according to the Minister.

Adelaja considers the police's decision to investigate him for involvement in the financial group's machinations as implementation of a political order. And has said that the cause of the financial problems at the King's Capital financial group was the economic crisis rather than a deliberate fraud.

As of April 2011 the case has not been taken to court.