Skip to main content

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.

Labels:

Comments

Post a Comment

Popular posts from this blog

Kenpong Travel & Tours Champions Breast Cancer Awareness During Customer Week

  As part of activities to mark Customer Week, Kenpong Travel & Tours, a leading travel agency in Ghana, is joining the global fight against breast cancer. October is Breast Cancer Awareness Month, and the company is passionate about spreading hope and support to those affected. At Kenpong Travel & Tours, we believe that travel and exploration can be therapeutic and empowering. That's why we're committed to supporting our customers and the broader community in the fight against breast cancer. We're proud to stand in solidarity with breast cancer warriors and survivors. At Kenpong Travel & Tours, we believe that everyone deserves a chance to explore the world and create unforgettable memories. Let's prioritize health, support one another, and fight against breast cancer," said Kennedy Agyapong, CEO of Kenpong Travel & Tours. Our efforts are focused on raising awareness, promoting early detection, and supporting those affected by breast cancer. We urg...
Post a Comment
Read more

E&P takes over Black Volta and Sankofa Gold projects after years of delay

 Indigenous mining firm Engineers & Planners (E&P) has acquired Azumah Resources Ghana Ltd and Upwest Resources Ghana Ltd, taking full control of the long-stalled Black Volta and Sankofa gold concessions in the Upper West Region. The transaction, registered with the Registrar of Companies and approved by the Minerals Commission, ends nearly two decades of under-investment, legal disputes, and capital shortfalls that kept the concessions dormant. With global gold prices trading above $3,000 per ounce, the move comes at a time when Ghana is seeking fresh mining revenue to support its IMF-backed fiscal consolidation programme. E&P announced that it has secured funding to begin mine development and has committed to repaying verified debts associated with the projects. Ghana travel guide The company outlined a structured plan that includes: Working with the Ghana Revenue Authority (GRA) to audit and confirm loans previously recorded as project investments. Repaying genuine d...
Post a Comment
Read more

Ghana Property & Lifestyle Expo Ignites Global Interest in Ghana’s Real Estate Market with Landmark Washington DC Edition

  Washington DC, USA – Hundreds of investors, professionals, and diaspora attendees gathered at the Washington Marriott Georgetown for the Ghana Property & Lifestyle Expo (GPLE) – Washington DC Edition , marking the dynamic launch of the 2025 Global Series. The two-day international showcase delivered a powerful mix of credible investment opportunities, expert insights, and strategic networking, spotlighting Ghana’s booming real estate sector as a leading destination for property and lifestyle investment in Africa. From luxury apartments and serviced plots to gated communities and commercial developments, attendees experienced the best of Ghana’s property landscape—featuring top developers from Accra and Kumasi, including Royal Kingdom Estate, Goldkey Properties, Devtraco Plus, Clifton Homes , and others.   Eddy Acquah Moderator & AJ Akua Johnson Brand Ambassador GPLE (Actress , Fitness Coach & Philanthropist) [/caption] Ambassador Victor Smith Applauds Expo’s Rol...
Post a Comment
Read more