Business

State charges Asiama, Duffour and 7 others over collapse of uniBank

1 Mins read

A former Deputy Governor of the Bank of Ghana (BoG), founder of uniBank Ghana Limited and his son as well as six others have been charged by the state with 68 offences for their roles leading to the collapse of the bank in 2017.

Kwabena Duffour, Hoda Holdings Limited, Johnson Pandit Asiama, Kwabena Duffour II, Ekow Nyarko Dadzie-Dennis, Elsie Dansoa Kyereh, Jeffrey Amon, Benjamin Ofori and Kwadwo Opoku Okoh were cited in the charge sheet presented to the Accra High Court.

The charges include conspiracy to money laundering, commit crime, fraudulent breach of trust and dishonestly appropriating funds of depositors.

In a document dated February 5, it said Kwabena Duffuor II and Ekow Nyarko Dadzie-Dennis in 2014 agreed to act together with a common purpose to dishonestly appropriate the sum of ¢48,269,477.75 which was entrusted to them in trust for depositors of uniBank Ghana Limited.

This, the state said amounts to a fraudulent breach of trust, contrary to section 128 of the Criminal Offences Act, 1960 (Act 29).

According to the state, the two individuals transferred the said amount to related parties of uniBank Ghana Limited knowing it to be proceeds of crime.

The two were also charged with coming together to dishonestly appropriate the sum of GH¢164,051,706.14 which was entrusted to them by depositors of the bank.

 

See also  El Salvador to exempt foreign investors from paying taxes on Bitcoin profits
Related posts
BusinessEcommerceMatters Arising

Luxury for Less: Amazon Expands Its Offering with Pre-Owned Goods

1 Mins read
Luxury for Less: Amazon Expands Its Offering with Pre-Owned Goods Ecommerce giant Amazon is entering the secondhand fashion market in Europe. It…
Banking and FinanceBusinessEconomyfinanceMatters Arising

Ghana Left Out as Ivory Coast, Benin, and Kenya Tap into Eurobond Market

2 Mins read
Ghana Left Out as Ivory Coast, Benin, and Kenya Tap into Eurobond Market Across Africa, there is a surge of activity in…
Banking and FinanceBusinessfinanceSMEs

Empowering Ghanaian MSMEs: Zenith Bank Ghana Joins Forces with African Guarantee Fund for Sustainable Growth

3 Mins read
Empowering Ghanaian MSMEs: Zenith Bank Ghana Joins Forces with African Guarantee Fund for Sustainable Growth Zenith Bank Ghana Limited and African Guarantee…

Leave a Reply

Your email address will not be published. Required fields are marked *