SFO says it has not issued any report on STC

Accra, March 11, GNA - The Serious Fraud Office (SFO) on Thursday said it had not issued any report in respect of investigations into the divestiture of the State Transport Company (STC).

A statement issued in Accra and signed by Ms Evelyn Bekoe, Acting Head of Public Relations said the SFO was aware that investigations had been carried out by various agencies in connection with the divestiture of the STC.

It was reacting to publications in the March 11-14 edition of the 'Gye Nyame Concord' and the March 11 edition of the 'Independent' newspapers on investigations into the divestiture of the STC.

The statement said SFO's own investigations was aimed at ascertaining if there had been any loss or dissipating of public funds from the various transactions which culminated in the divestiture of the STC to the Vanef Consortium Limited.

It said in the course of SFO's investigations all the persons involved in the various transactions were being invited to explain or comment on matters that from the SFO's perceptive needed explanation. "At this stage of the investigations, no person had been charged by the SFO before any court or tribunal in Ghana in connection with its investigations into the divestiture of the STC."

It added that no docket on the case had been forwarded to the Attorney General's Office requesting authority to prosecute anybody or making any recommendation to the Attorney General's Office to prosecute anybody.

"Certainly, no report of these investigations has been issued to the Attorney-General or any other authority.

"The Executive Director of the SFO wishes to inform all interested persons that he has not issued any report of the investigations into the divestiture of the STC to anybody or to the public at large", it added. 11 March 04