Former CEO of the Venture Capital Trust Fund, Daniel Duku and two others are to refund some ¢18.5 million to the state.
This follows the decision of the court to review its earlier view which rejected the offer of restitution.
Justice Anthony Oppong who is hearing the matter had on two occasions said he is not impressed with the plan to refund the money to the state by payment in bits.
Mr. Duku and two others accused of causing financial loss to the state have been engaging the Attorney General’s office to jointly refund 20 million cedis.
The two other accused persons are Irene Anti-Mensah, who was his Executive Assistant at the VCTF, and Frank Aboagye Mensah, Anti-Mensah’s husband.
The three accused persons wanted to plead guilty to a total of about 42 charges leveled against them and make amends by paying the money they allegedly took from the state, in line with Section 35 of the Courts Act, 1993 (Act 459).
The new move will see Daniel Duku, pay an amount of ¢15million and a fine of 500,000 to the State.
Irene Anti-Mensah is to pay ¢1 million to the Venture Capital Trust Fund (VCTF) with a fine of ¢100,000 to the state.
Frank Aboagye Mensah, on his part, will pay ¢1,195,000 to Venture Capital Trust Fund (VCTF) and a fine of ¢100,000 to the State.
In addition, the first accused, Daniel Duku, is to forfeit about eight buildings, the Agyekum Presidential Villa at Adjiringano and Georgetown Heights, some 6 apartments made up of three bedrooms each, and five vehicles, including a Porsche Cayenne and Porsche Panamera, to the State.
The accused persons are expected to make good all the payments within three months from Friday, July 10, 2020.
Latest Stories
-
Agromonti empowers Techiman farmers with sustainable agriculture training in CSR event
5 mins -
Ghanaians deserve certificates for enduring hardship under NPP – Mahama
5 mins -
AG’s office needs 1,500 public attorneys for proper discharge of functions – Godfred Dame
6 mins -
Court sentences man to life imprisonment for murdering girlfriend; daughter
22 mins -
Bawumia’s $80 bn value claim for Spotify, false – Dubawa
33 mins -
GBA President calls for transparent and fair December election
47 mins -
November 8 not a public holiday – Interior Ministry
50 mins -
Policies the Church can promote to ensure every birth by a congregant is wanted, not unintended
53 mins -
Next NPP government to build new AG offices in all regions – Godfred Dame
1 hour -
Why corporate leadership can no longer be silent on sustainability
1 hour -
The Keeper’s Music unveils Neyty with new single ‘Most High God’
1 hour -
Bawumia outlines 8 initiatives to create 4 million jobs for youth if elected president
2 hours -
Over 4,000 unpaid teachers demand payment of 16 months arrears from government
2 hours -
I’ve apologised to Gloria Sarfo over flight issues – AMAA Country Director
2 hours -
Ghana nearly lost $9 billion to arbitrary claims in last four years – Attorney General
2 hours