29 C
Accra
Monday, September 28, 2020
No menu items!

Ex MASLOC CEO pleads not guilty to 78 charges; gets GHc5m bail

Must Read

New West Africa currency ‘delayed for five years’

A plan to launch a new currency to replace the CFA franc used by several countries in West Africa...

Ghana joins world to commemorate World Rabies Day today

Ghana joins the global community to commemorate World Rabies Day today. The day is dedicated to education, awareness creation, and...

Mortuary Workers threaten strike over service conditions

The Mortuary Workers Association of Ghana (MOWAG) has warned of a nationwide strike from October 1, 2020, if government...

The Financial and Economic court in Accra has granted a five million cedi bail to former MASLOC CEO, Mrs. Sedinam Tamakloe-Attionu, and a one million cedis bail for Daniel Axim, former Operations Manager of MASLOC.

Mrs. Tamakloe-Attionu and Daniel Axim have been charged with 80 counts which include stealing, causing financial loss to the state, money laundering, causing loss to public property, improper payment of public funds, unauthorised commitment resulting in financial obligation for the government and contravention of the Public Procurement Act.

With reference to the charges the total sum involved is about ninety three million cedis. They both pleaded not guilty to all the 78 counts preferred.

The two accused persons made their first appearance before the Financial court presided over by Justice Afia Serwaa Asare-Botwe, where their charges were read to them before their pleas were taken.

The state was represented by the Attorney General, Gloria Akuffo.

While reading the charges to the accused persons, it was noticed by the Court that the State in her numbering of the courts jumped from count 48 to 51.

The counts were therefore reduced to 78 instead of 80. The Court on the application by the Attorney General for leave to correct the numbering error refused the same indicating that the error does not have any serious effect on the substance of the case.

The two accused persons on the application of their lawyers were granted bail to the tune of GH¢5 million with two sureties and GH¢1 million with one surety for the first and second accused persons respectively.

They were ordered to deposit their passports at the Court Registry. The Court first ordered the Prosecution to ensure that within the next 10 days, they serve the defence team all necessary documents in order to prepare their defence.

The court set March 4 for the next sitting which will be held in camera.

MASLOC provides micro and small loans for start-ups and small businesses with fast, easy and accessible microcredit and small loans to grow and expand their businesses as well as to enhance job and wealth creation.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

New West Africa currency ‘delayed for five years’

A plan to launch a new currency to replace the CFA franc used by several countries in West Africa...

Ghana joins world to commemorate World Rabies Day today

Ghana joins the global community to commemorate World Rabies Day today. The day is dedicated to education, awareness creation, and action that needs to be...

Mortuary Workers threaten strike over service conditions

The Mortuary Workers Association of Ghana (MOWAG) has warned of a nationwide strike from October 1, 2020, if government fails to resolve what they...

Presidential candidate of NDC, John Mahama, resumes Bono Region tour today

The Presidential candidate of the National Democratic Congress (NDC), John Dramani Mahama, will resume his tour of the Bono Region today. He will interact with...

No security intelligence failure in Volta separatists attack – Oppong Nkrumah

Minister of Information, Kojo Oppong Nkrumah says there was no security intelligence failure in Friday's planned attack by the Western Togoland Secessionist Group. The Minister...

More Articles Like This