Hello Fabulous Friends,
The article you are about to read is culled from Daily Graphic. Micro finance institutions are mushrooming everywhere in Ghana. Most of them are not even regulated to operate yet they are operating. It comes with it pros and cons but I wonder what the government and Bank of Ghana is doing about this mushrooming micro-finance institutions in Ghana.
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Warrant issued for the arrest of CEO of Royal Winners Microfinance Company
The suspects the Chief Executive Officer, Derik Nana Ampumesu (aka Obama); the General Manager, Anthony Anani; the Area Manager, Western and Central, Justice Frimpong-Manso; General Accountant, Kwabena Yeboah, and Sector Manager, Bentle Nana Addo-Boafo.
The police secured a warrant from the Takoradi Circuit Court on September 3, this year to arrest the suspects, who are believed to be hiding at different locations.
An arrest warrant is a warrant granted by a judge in a court of law to a law enforcement official, granting that law enforcement official the right and ability to arrest a person of interest with regard to a crime.
It is acquired in a court of law by presenting a judge with probable cause for arresting the suspect.
According to the Takoradi District Crime Officer, DSP Huseini Musah Awinaba, although the police had been talking with the chief executive officer on phone, he had been very evasive and kept directing them to locations where he could not be found.
The police said their preliminary investigations revealed that the company initially had 23 branches in the Western, Central and Ashanti regions but 19 of them collapsed.
According to the police, after swindling customers in one region, the company moved to another region to set new branches to continue duping the unsuspecting public.
The police said in the Western Region, for instance, the company set up four branches at Kojokrom, Takoradi, Agona Nkwanta and Esiama, but after the officials had succeeded in collecting money from the customers, they closed down the branches.
Some of the customers, realising that they had been swindled, are venting their spleen on the staff of the company. At Kojokrom, for instance, some of the staff were chased with machetes and knives by angry customers.
Source: Daily Graphic
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