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The former CEO of the Microfinance and Small Loans Center (MASLOC) has been granted a bond of £ 5 million with two sureties by a high court in Accra.
Sedina Tamakloe Attionu, who had pleaded not guilty to 80 counts of theft and financial loss to the state, of damages to public property, of improper payment of public funds, of non-liability authorizations entailing a financial obligation for the government and contravening the public procurement act.
She was also charged with Daniel Axim, former director of operations at the center, to whom a $ 1 million bail was awarded.
According to the indictment, the two men agreed to meet and voluntarily cause financial harm to the state, in violation of Articles 23 (1) and 179A (3) (a) of the Criminal Code. the Criminal Offenses Act 1960 (Act 29).
The two men appeared in court on Monday, February 4, where former CEOs' lawyers said she deserved bail, as she had always honored the invitations and fully cooperated with the investigations.
Both must file their pbadports with the court.
The CEO was ordered to present his defense within 10 days of the release of the documents by the state on Tuesday.
The case was sent back to 4 March.
Context
In 2017, the Bureau of Economic and Organized Crime (EOCO) investigated some fraudulent MASLOC payments involving the 1st and 2nd accused.
The investigations revealed that, in June 2014, MASLOC invested 150,000 GH ¢ in Obaatanpa Micro-Finance Company Limited (Obaatanpa), an approved Level II microfinance company, located in Ejura, in the Ashanti region. Subsequently, the first accused offered Obaatanpa a further investment of 500 000 GH ¢. As a result, a GH ¢ 500 000 check dated July 24, 2014, issued by MASLOC Agricultural Development Bank (adb), was used in favor of Obaatanpa.
Shortly after Obaatanpa received the MASLOC check, the first accused informed the chairman of Obaatanpa 's board of directors that the amount of the investment of 500 000 GH ¢ would attract an interest from 24%. Obaatanpa decided to return the amount to MASLOC because the interest rate charged by the accused was too high and unprofitable for his company and issued a check corresponding to the loan amount.
Upon presentation of the check, the 1st accused refused to accept the check and requested a cash refund. A cash amount of 500 000 GH ¢ was handed over to the first accused by the chairman of Obaatanpa's board of directors on the night of 28 August 2014 at Baatsona's total filling station located on Spintex Road at Accra. By letter of August 28, 2014, the first accused acknowledged receipt of the refunded amount.
In 2015, by letters some of which were in the hands of the accused, MASLOC had asked Obaatanpa to pay interest on the main investment of 500 000 GH ¢. In response to these requests, Obaatanpa wrote to MASLOC to remind him of the payment of the loan amount and drew the attention of the first accused to the unjustified requests for which the claims had ceased.
In 2017, when the new CEO of MASLOC took office, a notice of application was again sent to Obaatanpa for the payment of interest accrued on the same amount of investment of 500 000 GH ¢ . reimbursed since 2014. The investigations subsequently revealed that MASLOC had no record of the amount paid to it and that the first defendant had appropriated the amount of 500 000 GH ¢.
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