The Office of Special Prosecutor has disclosed that it has disrupted a syndicate involved in the manufacturing of false foreign currencies.
This is contained in its report and the activities it engaged in.
It says that since August 2021, the Office of the Special Prosecutor (OSP) has been actively engaged in a range of activities as part of its comprehensive fourfold mandate, which includes investigations, prosecution, asset recovery and management, and the prevention of corruption.
On the issue of the fake currency, the OSP revealed that seizures were made in two warehouses in Accra and Tema.
It further disclosed that a substantial amount of counterfeit $40 million was discovered concealed in steel trunks.
In terms of direct recovery, the OSP says in the course of investigations conducted on Labianca Company Limited and the Customs division of the Ghana Revenue Authority
(GRA), the OSP successfully recovered a total of One Million Seventy-Four Thousand Six Hundred and Twenty-Seven Cedis Fifteen
Pesewas (GHC1,074,627.15).
“Additionally, the OSP took the initiative to suspend the auction of goods, including vehicles, at the port. This suspension aimed to streamline the process by incorporating the assessment of duties and taxes payable on the goods. Subsequent to the implementation of this streamlined approach, revenue generated from auction sales has witnessed a notable improvement, averaging an increase of 12% per month.
Furthermore, in response to the OSP’s
directives, the GRA has developed and implemented integrity plans, as part of the ongoing efforts to enhance transparency and accountability.”
By: Rainbowradioonline.com/Ghana
