Skip to main content

Ex-Venture Capital CEO, Daniel Duku, 2 others convicted


Former CEO of the Venture Capital Trust Fund, Daniel Duku and two others are to refund some ¢18.5 million to the state.

This follows the decision of the court to review its earlier view which rejected the offer of restitution.

Justice Anthony Oppong who is hearing the matter had on two occasions said he is not impressed with the plan to refund the money to the state by payment in bits.

Mr. Duku and two others accused of causing financial loss to the state have been engaging the Attorney General’s office to jointly refund 20 million cedis.

 

The two other accused persons are Irene Anti-Mensah, who was his Executive Assistant at the VCTF, and Frank Aboagye Mensah, Anti-Mensah’s husband.

The three accused persons wanted to plead guilty to a total of about 42 charges leveled against them and make amends by paying the money they allegedly took from the state, in line with Section 35 of the Courts Act, 1993 (Act 459).

The new move will see Daniel Duku, pay an amount of ¢15million and a fine of 500,000 to the State.

 

Irene Anti-Mensah is to pay ¢1 million to the Venture Capital Trust Fund (VCTF) with a fine of ¢100,000 to the state.

Frank Aboagye Mensah, on his part, will pay ¢1,195,000 to Venture Capital Trust Fund (VCTF) and a fine of ¢100,000 to the State.

In addition, the first accused, Daniel Duku, is to forfeit about eight buildings, the Agyekum Presidential Villa at Adjiringano and Georgetown Heights, some 6 apartments made up of three bedrooms each, and five vehicles, including a Porsche Cayenne and Porsche Panamera, to the State.

 

The accused persons are expected to make good all the payments within three months from Friday, July 10, 2020.

 

Source: Myjoyonline.

Comments

Popular posts from this blog

US-Based Doctor Supports Weija Leprosarium, Underprivileged Children In Ankaase With Cash & Food Items

 In a remarkable display of philanthropy, US-based medical practitioner, Dr. Kofi Kyei Sarfo, and the Sarfo family have made significant donations to support vulnerable communities in Ghana. During his visit to Ghana for the Christmas and New Year festivities, Dr. Sarfo and his family donated assorted food items and $5,000 to the Weija Leprosarium in Accra. This generous act aims to improve the lives of the inmates and support the tireless efforts of Rev. Father Andrew Campbell, founder of the Lepers Aid Committee. The donation to the Weija Leprosarium is a testament to Dr. Sarfo's commitment to giving back to his community. He praised Rev. Father Andrew Campbell for his selfless work in integrating cured lepers into society, emphasizing the need for continued support to ensure the well-being of the inmates. Dr. Sarfo encouraged others to follow in his footsteps, stating that every donation, no matter how small, can make a significant difference in the lives of the inmates. The don...

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 ...

Mfantsiman Girls to Host 65th Speech & Prize-Giving Day

  Mfantsiman Girls Senior High School is set to host the 65th Speech and Prize-giving Day and Homecoming from 14th to 16th March at Saltpond in the Central region. This year’s Speech and Prize-giving day is being hosted by the 2000-year group, and over 5000 old girls and students of Mfantsiman Girls are expected to attend the programme. Under the theme, ‘Leveraging New Media Technology to Optimize Girl Child Education,’ the event will emphasize the importance of harnessing technology to address the unique challenges faced by girls in accessing quality education, particularly in marginalized communities. By leveraging new media technology, we can create inclusive, interactive, and engaging learning environments that empower girls to reach their full potential. The theme will also serve as a call to action, encouraging students, educators, and stakeholders to explore innovative ways to integrate technology into girl child education, ultimately driving positive change and promoting a...