Courts
Capital Bank collapse: MD of Reroy Cables acquitted and discharged
In a ruling today, Justice Kyei Baffour held that the prosecution failed to establish any prima facie case against Ms Quartey, to warrant her to open her defence.
DL News
Results for "World Bank"
1509 results.
Business
BoG declines Parliamentary summons over UT Bank, Unibank closure
The Bank of Ghana has said that the petitioners should use the right channels to ensure their grievances are resolved
DL News
Business
Crime in books than in Practice: Black Market Foreign Exchange Businesses in Focus
The operators, who are mostly African foreign Nationals, like Nigerians, Nigeriens, Malians, and the likes however give better rates than the official Forex bureaus in the exchange of currencies.
Dennislaw Research Desk
Courts
Capital Bank Trial: 3rd accused denies signing letter engaging All Time Capital
While being cross-examined by Chief State Attorney, Evelyn Keelson, on Thursday, March 31, he stated that the documents were fake and that he did not draft them.
DL News
Courts
Ato Essien case : Bank of Ghana official cross-examined
A Deputy Chief Manager at the Banking Department of the Central Bank, Emmanuel Edward Arhin produced some documents on the liquidity support and was cross-examined by lawyers for the first accused.
DL News
General
It’s not illegal to set up Development Bank of Ghana without Act of Parliament- Deputy Finance Minister
“I heard the Minority Leader say they will oppose any allocation for such an arrangement, but the government has already spent monies on various banks without going for any Act but still within the banking structures, the Bank of Ghana lice...
DL News
Courts
The BoG is under no obligation to seek parliamentary approval for its directives-Supreme Court affirms
The Bank of Ghana issued a directive described as the Banking Business Corporate Governance Directive in March 2018 under the Banks and Specialised Deposit-Taking Institutions Act.
DL News
Others
Full Speech: Godfred Yeboah Dame at 39th International Symposium on economic crime
The Office of the Attorney-General is prosecuting other high-profile cases involving the offenses of wilfully causing financial loss to the State, stealing, corruption, fraud, procurement breaches, and money laundering.
Godfred Yeboah Dame, AG
Crime
Beige Bank trial: Accused to call 61 witnesses
His counsel, Mr Thaddeus Sory, made the announcement at the Economic and Financial Court Two Division of the High Court which is trying his client.
GNA
Africa
South Africa: Lawyer ordered to pay clients’ $80,116 stolen by scammer
Attorney Gavin Hartog believed he was transferring money to his client’s account but it went to a fraudster
Ground Up
Africa
South Africa: Leading law firm ordered to pay victim of cyber crime
Johannesburg High Court Judge Phanuel Mudau has ruled that ENS Africa must pay Judith Hawarden $293,335 plus interest, and pay the legal costs of the lawsuit on a punitive scale.
Ground Up
Courts
Court orders BoG to produce Capital Bank’s Statement of Account
This was after lawyers for the founder of the Bank, Ato Essien had earlier prayed the court to compel the Bank of Ghana to produce the said documents.
DL News
Courts
High Court to rule on no case submission by Essien, others on July 8
The Accra High Court would deliver its judgment on the application filed by Mr. Essien and the other three persons who stand accused of contributing to the bank’s collapse by illegally withdrawing depositors’ monies
DL News
Others
Qatar bans beer from World Cup stadiums after 11th-hour U-turn
“Following discussions between host country authorities and Fifa, a decision has been made to focus the sale of alcoholic beverages on the Fifa Fan Festival, other fan destinations and licensed venues, removing sales points of beer from Qat...
The Guardian
General
Doing Business rankings: IMF board backs Georgieva after review of data-rigging claims
The IMF said the information presented during its review – which included meetings with WilmerHale attorneys and Georgieva – did not conclusively demonstrate that she played an improper role in the Doing Business report.
DL News
Crime
AfDB debars Sargittarius Nigeria for 18 months for fraudulent practices
The debarment renders Sargittarius Nigeria Limited and its affiliates ineligible to participate in Bank Group-financed projects during the debarment period.
DL News
Business
Societe Generale to exit Ghana as it agrees to sell its subsidiary to Attijariwafa
Attijariwafa will buy 55.22 per cent, while the Social Security and National Insurance Trust (SSNIT) will acquire an additional 5 per cent. Together, the purchases account for Societe Generale Group’s full 60.22 per cent interest.
DL News
Business
GCB Bank alerts public to fake “AfriQuantumX” investment scam
In a public notice released on Tuesday, September 16, GCB made clear: “GCB Bank PLC warns the public against fake ‘AfriQuantumX’ investment post.”
DL news
Courts
Court to deliver judgment on case against Ato Essien, 2 others December 1
Together with the former MP of the Bank, Rev Fritzgerald Odonkor, and a former MD of the MC Management Services, Tettey Nartey, they are standing trial for various offenses
DL News
Courts
Capital Bank Case: GHC 100 m to All Time Capital was approved by the Board – Former MD
Rev. Odonkor is standing trial alongside the bank’s founder Ato Essien and businessman, Dr. Tetteh Nettey for various offenses - stealing, abetment to steal, conspiracy to steal, and money laundering.
DL News