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General News of Friday, May 24, 2019
Source: dailyguidenetwork.com
2019-05-24
The court however stated that the unibank case was not frivolous
A high court in Accra has referred part of the case between the shareholders and the Unibank receiver for arbitration.
Judge Jennifer Abena Dadzie, appointed arbitrator by the judge, responds to a request from the receiver of the bank, Nii Amanor Dodoo, that the counterclaim of some of the bank's shareholders be dismissed.
However, the court said that the unibank case was not frivolous.
In his application, the receiver requested the court to strike the amended defense and the counterclaim of three of the shareholders.
He added that the pleadings of the accused constituted an abuse of the judicial proceedings and attempted to delay the fair settlement of the dispute, which is "very simple because it involves the recovery of money that would have been withdrawn from the accounts. the uniBank, which is now in receivership. "
The late UniBank's sequestrator sued the bank's founder, Dr. Kwabena Duffuor, and another 16 people for paying $ 5,712,623,145,000, allegedly misappropriated.
In a lawsuit brought before a high court in Accra, the receiver, Nii Amanor Dodoo, KPMG's lead partner, is seeking a court order against Mr. Duffuor and 16 other people related to the deceased bank to repay the huge amount. d & # 39; money.
The plaintiff baderted that the 17 defendants, all of whom are administrators, shareholders and debtors of the once vibrant UniBank, engaged in unlawful transactions through unlawful loans and advances, as well as unlawful acquisitions of property. badets in the name of interests or related persons. related to shareholders.
The shareholders then filed a defense and a counterclaim dismissing the charges against them and sought remedies from the court.
They sought a declaration that the whole process leading to the so-called appointment of KPMG as an official administrator is illegal, illegal and contrary to the practice and acceptable and current practices of the banking sector, among others.
But the receiver, in his motion, asked the court to dismiss all the counterclaims of the defendants and part of their defense, which are offensive.
Judge Dadzie, in her decision, struck out part of the counterclaim, claiming that it did not in any way settle the issue in court.
However, it suspended all the accused's pleadings in their defense so that the parties could submit to arbitration.
The court then appointed a retired judge of the Supreme Court, Judge Samuel Kofi Date-Bah, judge, as arbitrator.
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