Audio By Carbonatix
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.
Latest Stories
-
I assure Otumfuo, Mahama will join him to commission KNUST Teaching Hospital by end of this year – Haruna Iddrisu
7 minutes -
Gov’t to roll out free special education for persons with disabilities from July 1 – Education Minister
28 minutes -
“We used it to test our officiating officials’ readiness” – Bawah Fuseini after CAA Athletics event
55 minutes -
Volleyball emerges as Ghana’s fastest rising sport
1 hour -
National Sports Fund needs strong leadership from the top – Administrator David Wuaku
1 hour -
JoySports Exclusive: Steve McLaren in talks with GFA after expressing interest in Black Stars job
1 hour -
Fire guts auto parts warehouse at Bubuashie, one fire officer injured
2 hours -
I owe my victory to coach Ofori Asare – Allotey after winning WBA Africa Gold Super Flyweight belt
2 hours -
Church of Pentecost supports over 2,000 BECE candidates in Obuasi with career guidance seminar
3 hours -
Brandon Asante and Coventry all but promoted to Premier League despite Sheffield Wednesday draw
4 hours -
GPL 2025/26: Late Kwartemaa strike downs Hearts in Tema
4 hours -
Ghana Faces Sierra Leone Moment as Prosecutorial Powers come under strain
4 hours -
Don’t consume fish or seafood from Tema Shipyard until further notice – FDA warns
4 hours -
Why volunteering might be Africa’s most underrated career accelerator
4 hours -
ActionAid Ghana raises concern over gender gaps in Feed Ghana Programme
4 hours