Key Directors and Management staff of UT and Capital banks are being prosecuted for various criminal offences for their complicity in the collapse of banks and financial institutions.
The accused persons are currently being cross-examined by the prosecutors.
This was contained in the latest report on the Bank of Ghana and Economic and Organised Crime Office (EOCO) investigations into the criminal actions of these individuals leading to the collapse of the banks and special deposit-taking institutions.
In an interview with JoyNews, the Executive Director of EOCO, COP Maame Tiwaa Addo Danquah expressed the readiness of the Attorney-General to begin work soon on the matter.
According to her, “the dockets are there and Attorney-General is doing everything possible including giving fiat to our lawyers at EOCO so that they can support, provide the backings to the office of the DPP to start the prosecution.”
Meanwhile, Governor of the Central Bank, Dr Ernest Addison says they have advanced some 10 million cedis to EOCO for the regulation of the sector.
“The EOCO has investigated and forwarded 11 dockets to the Attorney-General’s office. This has been done more than a year ago and I am saying so just to put pressure on the Attorney-General’s Department that these dockets have been with them more than a year ago pursuant to section 19 of the EOCO Organised Crime Act.
Notwithstanding all of this, there is a lot of work waiting to be done with respect to tracing of assert to build concrete investigation to lead to effective prosecution of perpetrators of financial crimes,” he said.
Commenting on that, Madam Tiwaa Addo Danquah said her outfit “is going to provide tailor-made training for our officers because that area of investigation and prosecution is a bit different from the normal prosecution that we do.”
“So Mr. Governor, I can assure you that this amount that you are going to give to us will not go waste,” she assured.
- Asantehene insists chiefs cannot be blamed for galamsey activities
- ‘My husband either reaches Europe or dies at sea’
- ‘The empty headedness of the youth was good enough to vote you into power’ – Senyo Hosi to KT Hammond
- The activities of Chairman Wontumi’s mining firm are illegal – John Jinapor
- PBC Ltd CEO, Richard Akuoko Adiyiah dead
- Burkina Faso unrest: Military officers remove leader Damiba
- We do not deploy soldiers to provide security for mining firms – Armed Forces
- ECG extends weekend working hours due to vending challenges
- Galamsey fight: DCEs must get fired – John Awuah
- There is evidence to show some NPP top officials are into illegal mining – John Jinapor
- Count On Crops Hub equips 32 Agric Extension Officers with data collection skills
- Government fails to announce new farmgate price for cocoa despite start of season
- 2023 CHAN: Black Galaxies face Morocco, Madagascar and Sudan in Group C
- Fight against galamsey must be above partisan politics – Samuel Jinapor
- Customers can purchase electricity credits from Oct. 2 – ECG
- Arsenal beat Tottenham to go four points clear
- Aubameyang scores as Potter gets first Chelsea win
- Faisal Chibsah: From starting coaching career as volunteer to heading FIFA High-Performance specialist role for Africa
- Genser deal: We’re developing a Trojan horse to cannibalise all state enterprises in the energy sector – Ben Boakye
- Policymakers must ensure Ghana does not return to current economic situation – Dr. Twumasi-Baffuor
- Let the public know your innovations – Dr. Addo Kufuor charges tertiary institutions
- Over 1000 shops flooded at Kumasi Central Market; traders blame Contracta for the mess
- Orange Corners Ghana celebrates graduation of 45 entrepreneurs
- UT’s loans in less than 48 hours saved many businesses from collapse – Amoabeng
- Medical Laboratory Workers’ Union to hold AGM