Audio By Carbonatix
A lawyer for several duped clients of DKM Microfinance Foster Asante says there are more assets to be confiscated following a rush to get court orders to sell the company’s properties.
Foster’s client who lost GHC20,000, went to a District court in the Brong Ahafo regional capital, Sunyani where he obtained judgement to back his claim for DKM properties.
He managed to load off ‘a lot of furniture’ and is hoping to sell them to defray his client’s debt. He believes DKM has several assets up for grabs for many other clients eager to join the scramble.
“There is still hope for the other clients” he said.
In what has become a clear case of a Ponzi scheme, DKM promised to pay outrageously high interest for deposits but failed to not only live up to this pledge but also squandered deposits on the managers' personal businesses.
Several angry clients have rushed to court to obtain orders to sell of company properties.

The assets are to be sent to the court registrar where a valuer will determine its worth after which it will be auctioned. The proceeds will go to the clients.
The resort to court orders has triggered a scramble for company assets.
Joy News’ Precious Semevor reported everything movable in the headquarters in Sunyani has been carted off.
Computers, UPS, furniture, monitors, flat screen TVs, generators even light bulbs were not spared.
Semevor also reported seeing at least 15 DKM branded buses and trucks parked in garages in Sunyani.
The raid is not exclusively at the headquarters building. In the Upper West regional capital, Wa, another raid on the company’s office went on.
“Give me one of the flat screens’ a client whose GHC500 remained with the struggling microfinance company demanded. He said he is confident he can make a profit on the sale of the TV because the “television cost more than my money”.
With no lawyer to fight for his share, a teacher in Wa, Naabu, feels all hope to get his GHC4,500 is lost.
“I don’t think some of us can get our money….the future is very bleak for us” he lamented.
He is disappointed at Bank of Ghana for leaving them worse off since the regulator intervened in microfinance crisis.
Latest Stories
-
Former Foreign Affairs minister and Ex-ECOWAS Commission President James Victor Gbeho dies at 91
26 minutes -
Weija Lake pollution fears as floodwaters wash illegal landfill waste into water source
33 minutes -
NACOC partners GJA to combat substance abuse and illicit drug trafficking in Ghana
36 minutes -
Football’s greatest legends prepare for their final World Cup
37 minutes -
Sammi Awuku questions whether GTA board chair Gertrude Donkor meets Tourism Act private sector requirement
42 minutes -
Providence turns red, gold and green as Tribe Culturefest ignites Ghana’s World Cup fever
42 minutes -
Asantehene to attend tribe Culturefest’s fan festival at Toronto’s Sankofa Square
44 minutes -
Former Chief Justice Sophia Akuffo resigns from the Council of State
2 hours -
Health workers struggle to contain Ebola in Congo camps as distrust grows
3 hours -
Richie Mensah unveils ‘The Octave’ as latest addition to Lynx Electronics family
3 hours -
Motorists, pedestrians alarmed over faulty streetlights on Achimota Forest stretch
3 hours -
Bank of Ghana orders financial institutions to stop supporting foreign currency crypto wallets
3 hours -
Former Upper West Minister Backs Dr Issahaku Moomin for NPP Treasurer Position
4 hours -
Legal Education Reform: Assafuah questions possible return of entrance exams under new bar training system
5 hours -
2026 Apostolic Visitation commences at Cedar Mountain Chapel
5 hours