The Economic and Organised Crime Office, EOCO, has expressed disappointment with reports in the media citing the institution as being in bed with alleged crypto-currency victims.

In a statement, EOCO said the publications are false. It says EOCO is not frustrating efforts of the victims of the Global Coin Community to retrieve their lost investments.

EOCO says it is working assiduously to defend the legitimate interest of the entire customers and not just those in Koforidua.

The Office says investigations commenced on October 9, 2018 and on January 18, 2019, an application was filed at the High Court to preserve the ¢3.7 million left in the GCB account before the criminal trial commenced.

Three days after the preservation order, the customers also obtained an order from the High Court in Koforidua to be enforced against the company’s account at GCB.

The statement said lawyers for the aggrieved Koforidua customers filed contempt application against GCB for not freezing the company’s account per the Garnishee order.

It noted that continuous preservation of the GCB account of the accused company is legal and not an act of willful disobedience to the court nor an act to frustrate victims of the crypto-currency to retrieve their lost investments.

The court has adjourned the case to May 27, for ruling.

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