The Aggrieved Customers of Gold Coast Fund Management have called for investigations into circumstances that led to a reported missing of a server containing data of customers of the collapsed company.

According to the customers, the server, which contained vital information that could address the issue in court was in the custody of the Economic and Organised Crime Office (EOCO).

“A server, which content was valued over ¢3.5 billion is reported to have been missing under EOCO. This revelation was brought to bear during a court section held on Wednesday, June 21^st, 2023 when the Commercial Court Six (6) of the Accra High Court Division sat on the Liquidation Case between the Registrar of Companies and Blackshield Capital Fund Management Limited, hitherto called; Gold Coast Fund Management, owned by Dr. Papa Kwesi Nduom”, a statement issued by the convener of the aggrieved customers, Charles Nyame said.

The statement, explained that the server, which belongs to the Gold Coast Fund Management Company contained backup data of its investors, which was confiscated by the EOCO through the directives of the Securities and Exchange Commission.

“This is after it has successfully revoked the company's Operational Licence on November 8th, 2019 under the Financial Sector Clean-up Exercise policy initiated in the year 2018 by the government of Ghana”.

Mr. Nyame said that the news was only made known to the customers in court by the legal representation of the Registrar of Companies.

“The lawyer told the court that, in her effort to reach out to EOCO due to the Court Order which sought to direct EOCO to grant Gold Coast Fund Management access to the server to copy specific data required by the Court to facilitate the determination of the liquidation case, to her utterly dismay, the authorities at the EOCO told her the said server cannot be located”.

According to the statement, the aggrieved customers considered the news of the missing server as a deliberate approach to delay the case.

“Meanwhile, the liquidation process in court has insensitively conditioned the payment of the dying customers of Gold Coast Fund Management to the successful securing of Liquidation Order from Court,” the statement added.