COP (Rtd.) Frank Adu-Poku, the Executive Director of the Economic and Organised Crime Office (EOCO) on Wednesday, 19th February, 2020 granted an interview on Point Blank on Eyewitness News on Citi FM hosted by Umaru Sanda Amandu
During the interview, COP (Rtd.) Adu-Poku elaborated on investigations into the financial institutions whose licenses were revoked by the Bank of Ghana. He stated that, the receiver sought the assistance of EOCO to trace the assets of Directors and CEO’s of the defunct institutions. He further explained that the Office has opened investigations into the activities of the Directors, Managers and Supervisors of the collapsed financial entities.
The Executive Director of EOCO, COP Retired Frank Adu-Poku told Citi FM that the Office is investigating the criminality aspect of the dealings of the defunct entities.
He mentioned that three (3) Savings and Loans companies – Ideal Finance, Unit Credit and Express Savings and Loans are under investigations. He stated that the quantum of monies received by these savings and loans were from the public but customers have been denied access to these monies.
COP (Rtd.) Frank Adu-Poku further indicated that an amount of GHC700million ended up with Mr. Kotei Dzani, Director, Ideal Finance savings and loans. EOCO has therefore taken steps to freeze his accounts and assets.
He indicated that investigations into the Savings and Loans and Microfinance Companies would include the arrest and interrogation of Directors, Managers and Supervisors of the collapsed financial entities as well as prosecution and freezing of their assets.