The Bank of Ghana has announced its cooperation with EOCO to investigate suspected cases of Financial Crime.
The central bank says it is investigating specific cases of suspected financial crimes and would liaise with the appropriate agencies for possible prosecution of suspected persons.
The statement from the BoG said it has since 2020 embarked on an investigation following some observations made into the activities of some financial institutions.
”Following an emerging trend observed by the BoG over the last few years, BoG has since October 2020 submitted five (5) separate requests to EOCO for investigations into claims of persons (individuals, businesses, and law firms acting on behalf of clients) who have persistently made claims on the BoG to the effect that certain large sums of money purportedly remitted to them by foreign counterparties through the banking system have been withheld by BoG. These claimants often attached documentation alleged to be messaging from the SWIFT international funds transfer system, as proof of the receipt and retention of their funds by BoG. Following BoG’s preliminary investigations which have shown that these claims are fake, BoG has referred such matters to EOCO for further investigation. EOCO has made significant progress in these investigations and has initiated prosecution in some of these cases, while investigations in other cases continue,” the statement said.
The bank added that following the closure of some financial institutions, they forwarded some cases to EOCO, and EOCO has ”…conducted independent investigations into a number of these cases as listed below and has made recommendations to the Attorney General’s Department for consideration and possible prosecution”.
Below is the full details of the financial institutions involved
By: Rainbowradioonline.com/Ghana
