Courts
Trial of former MASLOC boss adjourned to April 20
Sedinam Tamakloe and Daniel Axim, a former Operations Officer of MASLCO are facing trial for allegedly stealing and causing financial loss to the state to the tune of GHC93 million.
DL News
Results for "financial loss"
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Others
Three generations, one profession, one family-Story of Koiwah Koi-Larbi, Esq.
Some legacies are inherited. Others must be earned. Mine was both.
Koiwah Koi-Larbi, Esq.
Courts
Ex-Customs boss Col Damoah pleads not guilty in GH¢1.4bn SML contract case
Col Damoah, who is also the MP for Jaman South, was arraigned alongside former Finance Minister Ken Ofori-Atta and others over what prosecutors describe as a scheme that caused the state a loss of more than GH¢1.4 billion.
DL News
Crime
What the law says: On Students vandalism
The Executive Director of the Education Thinktank, Africa EduWatch, Kofi Asare, subsequently called on the Ghana Education Service, Ghana Police Service and the Attorney General to begin criminal prosecution of such students
DENNISLAW NEWS
Courts
Former MASLOC CEO, Sedinam Tamakloe Attionu sentenced 10 years to prison
They were convicted on 78 counts including causing financial loss to the state, theft, conspiracy to steal, money laundering, and violating public procurement laws.
DL News
Courts
Trial of former Deputy Finance Minister adjourned to July 21
The Health Minister, who started his evidence in chief on June 28, 2022, led by the Attorney General, Godfred Yeboah Dame has said that he noticed that ambulances were supposedly procured by the Ministry of Health, but had not been delivere...
DL News
General
Stop misleading the public: Your prosecution not related to 2022 budget concerns-AG to Ato Forson
On December 23, 2021, the Attorney general filed charges against a former Deputy Finance Minister and MP for Ajumako Enyam Essiam, Dr Cassiel Ato Forson, and two others for causing financial loss to the state.
DENNISLAW NEWS
Business
Large exposures directive for banks, others issued by BoG
The directive aims to mitigate risks by limiting the maximum loss Regulated Financial Institutions (RFIs) could face if a counterparty or a connected group of counterparties suddenly defaults.
DL News
Courts
Dram Oil sues Deloitte and Touche for alleged negligent auditing
According to its Statement of the Case, Dram Oil indicates that the said Commercial dispute brought against it and others by CAL Bank arose out of a tripartite agreement.
DL News
Business
BoG moves to regulate AI use in Ghana’s financial sector
Speaking at the 43rd Annual General Meeting of the Ghana Association of Banks in Accra, Dr Asiama said artificial intelligence could significantly improve areas such as credit assessment, fraud detection, customer service, risk management a...
DL News
Business
BoG outlines 6-point strategies to combat cybersecurity threats on banks
Presenting the directive, Dr Asiama said the central bank’s objective goes beyond regulatory enforcement. In his words, the updated regime is meant to protect every individual and business that places its trust, money and data in the financ...
DL News
Courts
Attorney-General closes case in Skytrain trial
The two are accused of causing financial loss to the state over the alleged release of $2 million for the Skytrain project without approval from the GIIF Board.
DL News
Courts
Signals case: Prosecution Witness not aware of theft or missing GH¢49m
The witness, Ruby Edith Adumuah, who heads finance at the National Signals Bureau, made the statement during cross-examination as proceedings continued in the case involving Adu Boahene and others.
DL News
Courts
Gov’t to prosecute Wontumi Farms over alleged GH¢24m Exim Bank fraud
Addressing journalists at the Government Accountability Series on Monday, 22 December, Dr Ayine said investigations had uncovered forged documents used to secure a GH¢4 million facility from the state-owned bank.
DL News
Courts
Former Buffer stock boss, wife, and others face 24 counts for alleged stealing of GH¢78m
The accused persons — including The Aludiba Foundation, Energy Partners Limited, and Richard Sam-Asante (who is currently at large) — are facing charges of stealing, money laundering, fraudulently causing financial loss to the Republic
DL News
Europe
Managing Partner suspended one year for backdating client document
The client care letter, which included standard business terms, was a key document in a case that later led to a negligence claim—though no direct financial loss was reported by the client.
DL News
Courts
Ernest Thompson, 3 others to open defence in SSNIT OBS case
The Accra High Court presided over by Justice Henry Kwofie, granted her freedom following a submission of no case filed by her legal team.
DL News
Courts
Whether or not to admit Jakpa,Dame audio conversation: Court to decide June 13 in Ambulance case
This follows an objection raised by state prosecutors against the tendering of the tape by lawyers for the first accused.
DL News
Courts
High Court to rule on motions in Ambulance Case June 6
The ruling is scheduled for Thursday, June 6, 2024.
DL News
General
Prioritise recovering loot over jail time – Vitus Azeem
His comment comes after the former Chief Executive Officer (CEO) of the Microfinance and Small Loans Centre (MASLOC), Sedina Tamakloe-Attionu was sentenced to 10 years in prison
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