More people lodge complaints against DKM, other microfinance operators

DKMThe Police say more people are lodging complaints in the case of the four Micro Finance Operators.

As a result, prosecution prayed an Accra Circuit Court to grant them time to expand their investigations into the matter.

DSP Abraham A. Annor told the court when four micro finance operators appeared before the court.

The operators are Monica Afriyie and Noel Nortey, both directors of God is Love Fun Club, Charles Asum, a director of Jastar Motors, and Martin K. Delle, a director of DKM Diamond Micro Finance.

Monica and Noel, both Directors of God is Love Fun Club, have been admitted to bail of GH₵50.00 million each with five sureties, two to be justified. The two are to make security deposit of GH₵5.00 million each.

Charles Asum, a Director of Jastar Motors, was admitted to bail of  GH₵20.00 million with three sureties, one to be justified. Asum is to pay GH₵2.00 million as security deposit in court.

In the case of Martin K Delle, a Director of DKM Diamond Micro Finance, he was admitted to bail of GH₵80.00 million with four sureties, two to be justified.

The court presided over by Mr Aboagye Tandoh ordered Delle to make a security deposit of GH₵6.00 million.

All the accused persons are to report to the Bureau of National Investigations until directed otherwise.

Meanwhile Mr Benoni Amekudzi one of the Defence Counsel for DKM had pulled out of the case citing protection of his career and integrity.

The four operators have pleaded not guilty to the charges of conspiracy and fraudulent breach of trust.

At the last sitting Prosecuting Deputy Superintendent of Police (DSP) Abraham A. Annor said all the suspects were operating micro finance companies.

DSP Annor said all the suspects informed various clients that when they deposit money at their companies, they would give them 50 per cent interest at the end of three months.

Prosecution said based on that information, complainants in the case made various deposits and three months later when they went for their monies, they found their offices locked and their whereabouts were unknown.

DSP Annor said a report was made to the Bureau of National Investigations (BNI) and the accused persons were arrested.

Investigations according to DSP Annor revealed that Monica and Nortey had taken deposits to the tune of GH₵100.00 million, Asum took GH₵20.00 million, and Delle GH₵80.00 million.

Prosecution said investigations are underway.

Source: GNA

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