Key directors, management of UT and Capital banks prosecuted for criminal offences

Key directors, management of UT and Capital banks prosecuted for criminal offences – EOCO, BoG report

Key Directors and Management staff of UT and Capital banks are being prosecuted for various criminal offences for their complicity in the collapse of banks and financial institutions.

The accused persons are currently being cross-examined by the prosecutors.

This was contained in the latest report on the Bank of Ghana and Economic and Organised Crime Office (EOCO) investigations into the criminal actions of these individuals leading to the collapse of the banks and special deposit-taking institutions.

In an interview with JoyNews, the Executive Director of EOCO, COP Maame Tiwaa Addo Danquah expressed the readiness of the Attorney-General to begin work soon on the matter.

According to her, “the dockets are there and Attorney-General is doing everything possible including giving fiat to our lawyers at EOCO so that they can support, provide the backings to the office of the DPP to start the prosecution.”

Meanwhile, Governor of the Central Bank, Dr. Ernest Addison says they have advanced some 10 million cedis to EOCO for the regulation of the sector.

The EOCO has investigated and forwarded 11 dockets to the Attorney-General’s office. This has been done more than a year ago and I am saying so just to put pressure on the Attorney-General’s Department that these dockets have been with them more than a year ago pursuant to section 19 of the EOCO Organised Crime Act.

Notwithstanding all of this, there is a lot of work waiting to be done with respect to tracing of assert to build concrete investigation to lead to effective prosecution of perpetrators of financial crimes,” he said.

Commenting on that, Madam Tiwaa Addo Danquah said her outfit “is going to provide tailor-made training for our officers because that area of investigation and prosecution is a bit different from the normal prosecution that we do.”

So Mr. Governor, I can assure you that this amount that you are going to give to us will not go waste,” she assured.

Comments

Nestlé Ghana Limited Wins Overall Best Industrial Company Of The Year at 13th AGI Industry & Quality Awards

Nestlé Ghana Limited has been honored with four prestigious awards at the 13th Association of Ghana Industry and Quality Awards ceremony. The event, held in an esteemed setting, gathered prominent figures from Ghana’s industrial sector. Amidst the anticipation, Nestlé Ghana emerged as one of the evening’s notable winners, securing accolades in several key categories. This recognition underscores Nestlé Ghana’s relentless pursuit of excellence and innovation, marking a significant milestone that highlights the company’s substantial contributions to the manufacturing industry in Ghana. Nestlé Ghana's exceptional performance was acknowledged with the following awards: Overall Best National Quality Award, Diamond Category (Food) Overall Best Practices in Sustainable Manufacturing Best Company (Food Sector) Overall Industrial Company of the Year, affirming its status as a leader not only within the food sector but also across Ghana's entire industrial landscape. This success is a ...

Anglogold Ashanti Obuasi Mine tops 2024 Sustainability & Social Investment Awards

AngloGold Ashanti Obuasi Mine has confirmed its status as sustainability champions by sweeping nine awards, the most won by a company at the 2024 Sustainability & Social Investment Awards (SSI) held at Movenpick Ambassador Hotel in Accra. The feat comes on the heels of a dominant performance in last year's event where AngloGold Ashanti Obuasi Mine swept seven awards. The SSI Awards organised by Ianmatsun Global Services recognizes the most outstanding sustainability, Corporate Social Responsibility (CSR), Environmental, social, and governance (ESG) initiatives in the country and beyond as well as the best teams and individuals who brought them to life. This year's event, which was the 8th edition, was under the theme "Climate Action Now: Accelerating Decarbonization and Building Resilience". The awards won by AngloGold Ashanti on the night include SSI Company of the Year, Best Company in Women Empowerment (project), SSI Company of the Year ( Environment), Best Co...

Zoomlion Advocates Community & Gender inclusive waste management for Climate Action at COP 29

Africa's waste management giant, Zoomlion Ghana Limited has advocated for an integrated approach to waste management that considers the interest of community members, women and vulnerable groups. James Deku, a Communications Officer of Zoomlion Ghana Limited made this call at the 29th session of the Conference Of Parties (COP 29) of the United Nations Framework Convention for Climate Change (UNFCCC) at Azerbaijan, Baku whiles speaking on the topic "Community-Driven and Gender Inclusive approaches to waste management for Climate Action ". He said the waste sector is a major contributor of methane emissions which is a potent greenhouse gas causing climate change hence the need to manage waste in a manner that considers the interest of all stakeholders. Zoomlion's waste management model is designed and operated in a manner that considers the interest of all stakeholders. Through a Public Private Partnership (PPP) model, local authorities engage community members in clea...

Kofi Ahovi

Search This Blog