Foreign minister Akufo Addo and royal pressure brought to bear over crimes of robbery team KEN CON & AWOONOR. After raiding SSNIT coffers, pressure mounts on JAK for selective justice for Databank's House of Fraud engineers.
Enterprise Insurance confirmed as conduit for looted cash
- JAILED, Victor Selormey, causing financial loss. Section 179 Act 458. Nsawam Prison. NDC.
Amount: under $1million. - JAILED, Mallam Isa, PNC, but NPP Government member: causing financial loss, Section 179 Act 458.
Amount: $48,000.00. Nsawam prison. - JAILED, Kwame Peprah, George Yankey, and Ibrahim Adam - Conspiracy, causing financial loss. NDC, Independent. NDC.
Amount. $0.00. Nsawam Prison. - CHARGE - Conspiracy to commit fraud, causing financial loss contrary to Section 23(1) and Section 131: Ken Ofori-Atta, Ekow Awoonor, George Otoo, Charles Asare, Daniel Seddoh, Enterprise Insurance, SSB Investments, Obotan Developers.
AMOUNT- $2.44 million.
Nana's deployment to Foreign Affairs has now enabled the office, which has twice challenged Chronicle, and lost the plot on both occasions, to now come clean.
The report, now nestling on the President's table, confirms in every material detail what Chronicle forensic investigators confirmed nearly a year ago, following a previous report by forensic auditors commissioned by the Ministry of Finance.
It shows evidence of systemic fraud. What is missing is the connection with the last Managing Director of UTC, the French man who sold the buildings, Massilia House, a matter Chronicle investigated, because the real figure was not ?300 million as claimed by Ken Con.
The role of Nana Akufo-Addo, who single-handedly cut a deal in the first Selormey case but later apologized to the President and the cabinet for his unilateral action, has come up for Chronicle scrutiny.
Chronicle will launch its own forensic investigation of the new Foreign Minister, who comes from the same town as the rogues at Databank and Enterprise Insurance.
The SFO report also states unambiguously that the brain behind the entire scheme was the master con man himself who professes to be a born again Christian, calling himself Nehemiah, just like JR Woodard of Quality Grain infamy.
It will be recalled that the SFO had furnished details of its findings and recommendations on the 'Obotan Garden of Eden' project, and recommended the prosecution of seven people and companies for consipracy to commit fraud Now with Akufo Addo out of the way, Papa Owusu Ankomah now has the responsibility of seeing through the prosecution and recovery of the $2.4 million which the audacious con man, Ken Ofori-Atta, and later his counsel, Ekow Awoonor, the ex-convict, fleeced from the Ghanaian worker.
Chronicle has learnt that fresh pressure is being applied on the Presidency to 'let the boy go' from sources within the Eastern Region royal house, after Nana Addo was moved to clear the way for justice to be done.
Ofori-Atta's wife has just being appointed Deputy Minister of Employment, Dr. Angela Ofori-Atta, nee Lambsdorf.
Chronicle investigations show that more evidence of fraud could emerge from the coming dismantling of the Databank House of Fraud, as the strong cover that the NDC threw over Ken Ofori Atta and Awoonor is now gone.
Under the NDC, Mr. Ofori-Atta and Awoonor picked up a string of deals and served as advisers. His father, the Chairman of VRA, swears that he never abandoned the NPP when the going was tough and dragged Chronicle publisher to the Media Commission over that suggestion.
Chronicle has begun investigating credible reports that Ken Con laundered his money out of the country, bought a bank in The Gambia and proceeded to move the bank to Ghana.
The main purpose of bringing the bank to Ghana was to float it on the Ghana stock exchange and manipulate shares to his advantage.
The Databank chief executive has perfected the silent art of insider dealing by working the market, taking advantage of the acquiescence of the chiefs of the Ghana stock exchange.
Ofori-Atta is a director of a number of companies including Home Finance Company (He was recently reluctantly removed by a doting Stephanie Baeta Ansah whose HFC falsely accused the Chronicle of maligning them, though the current report confirms Chronicle story).
He is also Director and main owner of Enterprise Insurance, a partner in the chain of fraud. He also owns Databank brokerage services and therefore is able to trade in shares of listed companies, and from the first hand intimate knowledge he has about developments in the companies he serves as a director, is in a unique position to manipulate shares to his advantage. They usually benefit those who also hold shares in those companies.
A classic example is SSB Bank. With his position as Director of SSB Bank, he handles all SSB confidential strategy plans, and is therefore able to tip off his staff on the brokerage service to buy or dump shares as he deems fit. This is a criminal offence, even in Ghana.
Mr. Owusu Amoah, the last Managing Director of the Stock Exchange, under whose nose Ofori-Atta wangled most of his deals, has himself been embroiled in controversy, following revelations that he also had a financial company while working at the Stock Exchange.
Even though, his situation appears to be legally sound, there is the suggestion that he looked the other way as Ken Con raided the exchange.
In 1997, the Databank chief was caught in a double-dealing case involving Ghana Brewery and an overseas company that bought over the shares of the brewery.
The case was hushed up at the Stock Exchange, even though Unilever moved to go to court to check the deal.
With the NDC and the general public looking on, it appears even the President may not be in a position to raise a finger to cover the crimes, even though Awoonor and Ofori-Atta, now tie NPP colours round their waists.
Chronicle's vault is brimming with dossiers on this case and other rotten deals.
Stay tuned.
Foreign minister Akufo Addo and royal pressure brought to bear over crimes of robbery team KEN CON & AWOONOR. After raiding SSNIT coffers, pressure mounts on JAK for selective justice for Databank's House of Fraud engineers.
Enterprise Insurance confirmed as conduit for looted cash
- JAILED, Victor Selormey, causing financial loss. Section 179 Act 458. Nsawam Prison. NDC.
Amount: under $1million. - JAILED, Mallam Isa, PNC, but NPP Government member: causing financial loss, Section 179 Act 458.
Amount: $48,000.00. Nsawam prison. - JAILED, Kwame Peprah, George Yankey, and Ibrahim Adam - Conspiracy, causing financial loss. NDC, Independent. NDC.
Amount. $0.00. Nsawam Prison. - CHARGE - Conspiracy to commit fraud, causing financial loss contrary to Section 23(1) and Section 131: Ken Ofori-Atta, Ekow Awoonor, George Otoo, Charles Asare, Daniel Seddoh, Enterprise Insurance, SSB Investments, Obotan Developers.
AMOUNT- $2.44 million.
Nana's deployment to Foreign Affairs has now enabled the office, which has twice challenged Chronicle, and lost the plot on both occasions, to now come clean.
The report, now nestling on the President's table, confirms in every material detail what Chronicle forensic investigators confirmed nearly a year ago, following a previous report by forensic auditors commissioned by the Ministry of Finance.
It shows evidence of systemic fraud. What is missing is the connection with the last Managing Director of UTC, the French man who sold the buildings, Massilia House, a matter Chronicle investigated, because the real figure was not ?300 million as claimed by Ken Con.
The role of Nana Akufo-Addo, who single-handedly cut a deal in the first Selormey case but later apologized to the President and the cabinet for his unilateral action, has come up for Chronicle scrutiny.
Chronicle will launch its own forensic investigation of the new Foreign Minister, who comes from the same town as the rogues at Databank and Enterprise Insurance.
The SFO report also states unambiguously that the brain behind the entire scheme was the master con man himself who professes to be a born again Christian, calling himself Nehemiah, just like JR Woodard of Quality Grain infamy.
It will be recalled that the SFO had furnished details of its findings and recommendations on the 'Obotan Garden of Eden' project, and recommended the prosecution of seven people and companies for consipracy to commit fraud Now with Akufo Addo out of the way, Papa Owusu Ankomah now has the responsibility of seeing through the prosecution and recovery of the $2.4 million which the audacious con man, Ken Ofori-Atta, and later his counsel, Ekow Awoonor, the ex-convict, fleeced from the Ghanaian worker.
Chronicle has learnt that fresh pressure is being applied on the Presidency to 'let the boy go' from sources within the Eastern Region royal house, after Nana Addo was moved to clear the way for justice to be done.
Ofori-Atta's wife has just being appointed Deputy Minister of Employment, Dr. Angela Ofori-Atta, nee Lambsdorf.
Chronicle investigations show that more evidence of fraud could emerge from the coming dismantling of the Databank House of Fraud, as the strong cover that the NDC threw over Ken Ofori Atta and Awoonor is now gone.
Under the NDC, Mr. Ofori-Atta and Awoonor picked up a string of deals and served as advisers. His father, the Chairman of VRA, swears that he never abandoned the NPP when the going was tough and dragged Chronicle publisher to the Media Commission over that suggestion.
Chronicle has begun investigating credible reports that Ken Con laundered his money out of the country, bought a bank in The Gambia and proceeded to move the bank to Ghana.
The main purpose of bringing the bank to Ghana was to float it on the Ghana stock exchange and manipulate shares to his advantage.
The Databank chief executive has perfected the silent art of insider dealing by working the market, taking advantage of the acquiescence of the chiefs of the Ghana stock exchange.
Ofori-Atta is a director of a number of companies including Home Finance Company (He was recently reluctantly removed by a doting Stephanie Baeta Ansah whose HFC falsely accused the Chronicle of maligning them, though the current report confirms Chronicle story).
He is also Director and main owner of Enterprise Insurance, a partner in the chain of fraud. He also owns Databank brokerage services and therefore is able to trade in shares of listed companies, and from the first hand intimate knowledge he has about developments in the companies he serves as a director, is in a unique position to manipulate shares to his advantage. They usually benefit those who also hold shares in those companies.
A classic example is SSB Bank. With his position as Director of SSB Bank, he handles all SSB confidential strategy plans, and is therefore able to tip off his staff on the brokerage service to buy or dump shares as he deems fit. This is a criminal offence, even in Ghana.
Mr. Owusu Amoah, the last Managing Director of the Stock Exchange, under whose nose Ofori-Atta wangled most of his deals, has himself been embroiled in controversy, following revelations that he also had a financial company while working at the Stock Exchange.
Even though, his situation appears to be legally sound, there is the suggestion that he looked the other way as Ken Con raided the exchange.
In 1997, the Databank chief was caught in a double-dealing case involving Ghana Brewery and an overseas company that bought over the shares of the brewery.
The case was hushed up at the Stock Exchange, even though Unilever moved to go to court to check the deal.
With the NDC and the general public looking on, it appears even the President may not be in a position to raise a finger to cover the crimes, even though Awoonor and Ofori-Atta, now tie NPP colours round their waists.
Chronicle's vault is brimming with dossiers on this case and other rotten deals.
Stay tuned.
