Money Laundering Archives

MASLOC case: Ex-CEO Sedinam Tamakloe, Daniel Axim face judgement today

The Financial and Economic Division of the High Court in Accra is expected to deliver judgment in the case in which “absconded” former Chief Executive Officer (CEO) of the Microfinance and Small Loans Centre (MASLOC), Sedina Christine Tamakloe Attionu and interdicted Head of Operations, Daniel Axim are standing trial. The two were charged for among […]

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Beige Bank case: I provided to Receiver all information on financial position of bank – 1st Defence Witness

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

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Beige-Bank trial: money was invested in bank’s rebranding, assets

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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

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NAM1 CASE: State Prosecutors close case trial over GHc340m customers funds

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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,

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NAM1 CASE: Court overrules Prosecution Witness’s objection of some exhibits in Court

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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

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Beige-Bank trial: accused to call 61 witnesses

Leave a Comment / Local News, News / Yaw Nkansah Abankroh

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

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Ex- Assembly member in court for not constructing funded road project

Leave a Comment / Local News, News / Yaw Nkansah Abankroh

Nii Armah Ashitey a former Assembly member, who was allegedly given GHC500,000 by a foundation to construct road and drainage but failed has appeared before an Accra Circuit Court. Ashitey. a former assembly member for Adobetor electoral area in La Dadekotpon Municipality, has been charged with defrauding by false pretences, using public office for profit,

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Opuni Trial: Opuni closes defence, Agongo to open defence

Leave a Comment / Local News, News / Yaw Nkansah Abankroh

The Counsel for Dr. Stephen Opuni, a former Chief Executive of COCOBOD, told an Accra High Court that his client will not personally testify, and that, they will close their defence. Mr. Samuel Cudjoe said as indicated earlier to the Court, if satisfied with the evidence of the witnesses, Dr Opuni would exercise his right

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Cecilia Dapaah’s Case Handed Over To EOCO

Leave a Comment / Local News, News / Yaw Nkansah Abankroh

The Office of the Special Prosecutor (OSP) has officially referred the investigation into the financial affairs and assets of former Minister of Sanitation and Water Resources, Cecilia Abena Dapaah, and her associates, to the Economic and Organised Crime Office (EOCO). In a statement released on Thursday, the OSP clarified that, despite nearly seven months of

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