A High Court in the Upper East Region has ordered the Regional Police command to confiscate the assets of DKM Diamond Microfinance Company in the region, for safekeeping until the company refunds monies owed their customers.
The court gave the ruling on Wednesday following the failure of the company to pay the plaintiffs a sum of GHC41, 850, as well as a cost of GHC6, 000 in an earlier ruling on January 12, 2016.
The customers of DKM had dragged the company to court in a bid to reclaim their investments which had been locked up for some time now.
The plaintiffs, Napoleon Kuebutornye, Louis Kuebutornye and Albert XAXAYI through their lawyer, Richard Adazabr, prayed the court to help them recover their investments since all efforts to retrieve them had proved futile and had filed an ex parte motion for the company’s assets to be confiscated.
The presiding judge at the Bolgatanga High Court, Justice Jacob Boon, upheld the application.
The Upper East Regional police executed the ruling few hours after the court ruling and conveyed the company’s assets to the regional police headquarters.
In an interview with Citi News, counsel for DKM, Richard Adazabra, explained that per the ruling, the assets could be auctioned to defray the cost of the company if it delays further in repaying the investments.
The company is indebted to several other customers in the Brong Ahafo Region and other parts of the country.
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By: Frederick Awuni/citifmonline.com/Ghana