Former Venture Capital CEO, others default in fee of GH¢20m

 Former Venture Capital CEO, others default in fee of GH¢20m



Mr Daniel Duku — Former CEO, Venture Capital Trust Fund. The former Chief Executive Officer (CEO) of the Venture Capital Trust Fund (VCTF), Mr Daniel Duku, and 3 others who entered into agreement agreements with the nation to pay GH¢20.eleven million as restitution for economic loss brought about the nation are but to settle their indebtedness, a yr after the Accra High Court agreed to their phrases.


The others are a former Executive Assistant to Duku, Irene Anti-Mensah, her husband, Mr Frank Aboagye Mensah, and a former Member of Parliament (MP) for Keta who's additionally a former member of the Board of Trustees of VCTF (the Board), Mr Richard Lassey Agbenyefia.


Not paid


This became when they had in keeping with the settlement modified their pleas from now no longer responsible to responsible and that they had been convicted on their very own pleas via way of means of the courtroom docket.


In that regard, the convicts had been predicted to complete paying their money owed via way of means of the stop of September 2020.


However, the Daily Graphic accrued from courtroom docket files that the previous CEO and the others had been but to fulfil the phrases for which their trial ended.

Duku, the Daily Graphic accrued, had most effective settled GH¢1 million out of the GH¢15 million debt, whilst Anti-Mensah out of the GH¢1.five million had settled GH¢1.forty three million, leaving a stability of GH¢70,000.


The others, Aboagye Mensah had paid GH¢430,000 out of GH¢1.195 million with a stability of GH¢765,000 and Agbenyefia had additionally paid GH¢200,000 out of GH¢2.forty one million, leaving a stability of GH¢2.21 million.


Amounts to settled


Per the settlement reached and universal via way of means of the Accra High Court, Duku became predicted to pay GH¢15 million to the VCTF and a first-class of GH¢500,000 to the nation.


Anti-Mensah became to pay GH¢1.five million to the VCTF and a first-class of GH¢100,000, whilst Aboagye Mensah became to pay GH¢1.195 million to VCTF and a first-class of GH¢100,000 to the nation.


The fourth person, Richard Agbenyefia, who later entered comparable settlement, became additionally to pay GH¢2.forty one million to VCTF.


Under the phase 35 of the courts Act, 1993, the convicts had been predicted to fulfil the situations set via way of means of the courtroom docket for the fee of the restitution; else the courtroom docket shall byskip a custodial sentence on them.


The Attorney-General is but to take a criminal direction of movement regarding their default withinside the fee of the diverse sums.


Background


The 4 with  others had been status trial on the Accra High Court, presided over via way of means of Justice Anthony Oppong on diverse costs of allegedly inflicting economic misplaced to the nation, abetment of crime, stealing, defrauding via way of means of fake pretences and issuing of fake cheques.


Duku and the 5 others are stated to have brought about economic lack of GH¢42.eight million to the nation via way of means of giving out loans to unqualified applicants.


In July closing yr, 3 of them, Duku, Anti-Mensah and Aboagye Mensah, entered into negotiations with the Attorney General below Section 35 of the Courts Act, 1993, (Act 459), a provision that lets in accused men and women to provide repayment and restitution to the nation for the loss, damage or harm brought about the nation.


Trial of  others


Meanwhile, the trial of the 2 others, Mr Kofi Sarpong, an funding officer of VCTF, and Ms Charity Opoku additionally referred to as Ms Charity Ameyaw, an accountant at VCTF, who pleaded now no longer responsible to the offences leveled in opposition to them, have started.


The modern-day CEO of the Venture Capital Trust Fund, Mr Yaw Owusu-Brempong, seemed because the first prosecution witness.


The prosecution tendered in his witness announcement as their proof in chief. A few questions had been positioned to him below cross-exam earlier than the case became adjourned to Wednesday, December 1, this yr.


Charges


Mr Kofi Sarpong is dealing with 102 costs of abetment of crime, to wit inflicting economic loss to the nation, abetment of crime, to wit defrauding via way of means of fake pretence, and conspiracy to devote crime, to wit stealing.


Ms Charity Ameyaw, on the alternative hand, is dealing with  counts of inflicting economic loss to public assets to a track of GH¢12.6 million and abetment of crime, to wit inflicting economic loss to the nation.


She has been accused of facilitating Duku to purpose economic lack of GH¢1.ninety four million via way of means of signing cheques to allow the granting of loans to unqualified applicants.

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