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The Economic and Organised Crimes Office (EOCO) is allegedly after the President of Groupe Nduom and the Managers of the defunct GN Savings and Loans to refund to the state an amount of GHC 900.2 million which they allegedly misappropriated.
According to documents from the investigative body, a copy of which was read on Fabewoso segment on Angel 102.9FM’s Morning Show on Wednesday, 9th September, 2020, the Managers could not account for this amount after investigations.
The case is however in court.
It was not clear how the amount went missing from the accounts of the savings and loans company which collapsed following the clean up in the banking sector.
“Relevant Directors and management of GN S&L have been interviewed/interrogated except Dr Papa Kwesi Nduom, currently outside the country…,” a portion of the EOCO report read.
The report continued that “necessary information suggesting diversion of funds by the directors have been gathered except for the comprehensive bank information on the nostro account of GN, which will help establish exactly how much has been transferred to foreign accounts, especially that of the International Business Solutions (IBS).”
Managers of GN Savings and Loans, the EOCO documents continued, were not the only managers who misappropriated funds.
The document makes mention of Unicredit, Legacy Savings and Loans Limited, Express Savings and Loans Limited; CDH and Midland Savings and Loans.
Others are Adom Sika Microfinance, DPF Microfinance, Goldman Capital, Cypress Microfinance, Dwadifo Adanfo Microfinance, Noble Dream Microfinance, Jorbies Microfinance and Nationwide Microfinance.
Watch Captain Smart reveal full details below:
