A currency trader who allegedly dishonestly appropriated various sums of money, belonging to three traders, has appeared before an Accra Circuit Court. Mahamud Adams Sidik, is alleged to have collected $14,000 and 800,000 Naira. He said to have asked traders to pay the above monies into a friend’s account to avert attacked by armed robbers […]
Trader in court over fraudulent breach of trust Read More »
Founder of defunct Menzgold, Nana Appiah Mensah, has expressed disagreement with the decision of the High Court in Accra to open his Defence to charges after dismissing his motion for submission of no case to answer. Justice Ernest Owusu Dapaa, a Justice of the Court of Appeal sitting as an additional High Court judge, ruled
Menzgold case: NAM1 disagrees with order to open Defence, considers redress Read More »
Mr David O. Sogbodjor, former Finance Manager of the defunct Beige Bank has told the High Court trying the former Chief Executive Officer (CEO) that the receiver during the collapse of the Bank did not engage the Institution’s financial team. He said although the finance team of the defunct bank, including the CFO worked briefly
Beige-Bank trial: Receiver did not engage financial department before collapsing bank Read More »
A Chartered Accountant who is testifying as the First Defence Witness for the founder of the defunct Beige Bank, Michael Nyinaku, has told the High Court in Accra that he has provided “all the information about the financial position of the bank” to the Receiver of Beige Bank. Dawda M. Hafisdeen, also a lawyer, told
Mr Dawda M. Hafisdeen, former Chief Financial Officer (CFO) of the defunct Beige Bank, says the Universal bank invested in rebranding but its receiver failed to capture it in his report. The rebranding was necessitated when the Bank of Ghana (BoG) upgraded it from a Savings and Loans to a bank status, the first defence
Beige-Bank trial: money was invested in bank’s rebranding, assets Read More »
State Prosecutors have closed their case in the case in which Chief Executive Officer (CEO) of Menzgold Ghana Limited, Nana Appiah Mensah is standing trial for defrauding customers in the sum of over GHc340 million. This was after the lawyers of Nana Appiah Mensah also known as NAM1 concluded their cross-examination of ASP Charles Nyarko,
NAM1 CASE: State Prosecutors close case trial over GHc340m customers funds Read More »
A Businessman, who assumed the role as family head and collected his late brother’s GHC206, 212.65 entitlement from the Ghana Police Service, has been sentenced to four years imprisonment by an Accra Circuit Court. Kwame Tengey is said to have told his late brother’s three children that he was going to assist them to collect
Businessman jailed four years for appropriating late brother’s entitlement Read More »
The High Court in Accra has overruled an objection raised by Lawyer for CEO of Defunct Menzgold, Nana Appiah Mensah, popularly known as NAM1, over the tendering of some exhibits by DSP Charles Nyarko, a prosecution witness. The said exhibits include documents from the Bank of Ghana and the Securities and Exchange Commission. The lawyer, Kwame
NAM1 CASE: Court overrules Prosecution Witness’s objection of some exhibits in Court Read More »
Michael Nyinaku, former Chief Executive (CEO) of the defunct Beige Bank, accused of stealing, fraudulent breach of trust and money laundering, is billed to call 61 witnesses. His counsel, Mr Thaddeus Sory, made the announcement at the Economic and Financial Court Two Division of the High Court trying his client. He told the Court presided over
Beige-Bank trial: accused to call 61 witnesses Read More »
