An Accra Circuit Court has granted bail to the four operators of some microfinance companies in the Brong Ahafo Region where customers’ monies have been locked up for months.
The four Martin Delle, Managing Director of DKM Financial Services; Noel Nortey, Nkoranza Branch Manager of God Is Love Fun Club; Charles Asum, Managing Director of Jastar Group of Companies and Monica Afriyie popularly called Maame Korkor, Managing Director of God Is Love were arrested by the Bureau of National Investigations (BNI) have been charged with fraudulent breach of trust.
In the ruling the court presided over by Justice Aboagye Tandor ordered the Manager Director of DKM financial Services to pay six million cedis as security deposits and also report to the police once a week.
The indicted microfinance operators are said to have collected various sums of money running into several millions of Ghana Cedis from their clients, promising them huge interests of not less than 50 per cent.
Some people are said to have committed suicide in the Brong Ahafo Region after failing to retrieve their monies from the microfinance companies.
–
By: Fred Djabanor/citifmonline.com/Ghana