• Home
  • About Us
  • Advertising
  • Contact Us
  • Privacy Policy
BEST GHANA NEWS
  • SUBSCRIBE TO OUR CHANNEL
  • Home
  • News
    • Local
    • Foreign
  • Article
  • Business
  • Education
    • Basic schools
    • Senior High School
    • Tertiary Institutions
  • Showbiz
  • Sports
    • Local
    • Foreign
  • Politics
No Result
View All Result
  • SUBSCRIBE TO OUR CHANNEL
  • Home
  • News
    • Local
    • Foreign
  • Article
  • Business
  • Education
    • Basic schools
    • Senior High School
    • Tertiary Institutions
  • Showbiz
  • Sports
    • Local
    • Foreign
  • Politics
No Result
View All Result
BEST GHANA NEWS
No Result
View All Result

Groupe Nduom sued in the US for $63m in alleged money laundering wire fraud

Ghanaian businessman and politician, Dr Papa Kwesi Nduom and 18 others have been sued by a US-based company for $63m in alleged money laundering, wire fraud

Bra Blay by Bra Blay
May 21, 2021
in News
0
12
VIEWS
Share on WhatsappShare on facebook

Loading

Ghanaian businessman and politician, Dr Papa Kwesi Nduom and 18 others have been sued by a US-based company for $63m in alleged money laundering, wire fraud.

An equity fund and securities investment company based in the United States, Birim LLC, them.

“The Nduom family defendants, by and through their ownership, control and use of defendants GN Bank, Gold Coast Fund Management and over 60 undercapitalised interrelated companies, collected several million dollars of depositor’s saving, investment contributions and insurance premiums, and in violation of U.S. and Ghana laws illegally laundered approximately $63,000,000 of depositors’ funds through its Virginia-based sham ‘procurement and consulting service’ company, International Business Solutions,” it stated.

ND-Ill-20-cv-07198-dckt-000001_000-filed-2020-12-04_210520_160741-1Download

Describing Dr Nduom’s operations as one that would “put Bernie Maddoff to shame”, the writ further stated that the purported “criminal scheme” involved “international money wire system – of inflated, over-invoiced and above-market rate fees disguised as payment for ‘management service’”.

 

“Plaintiff further alleges that Nduom family defendants dominate and control the Corporate Defendants and the related 60 or more companies, and in so doing, these entities commingle their funds and other assets and fail to segregate the funds of the separate entities. There is also the unauthorised diversion of corporate funds or assets to non-corporate uses”.

The plaintiff referred to the recent clean up in the banking sector which affected Nduom’s bank, saying, “a substantial portion of its [GN Bank] loans were illegally made to Nduom-related entities without the benefit of appropriate risk assessments, managements or determinants”.

“Groupe Nduom-GH (GN-GH) is wholly owned, dominated and controlled by Nduom and his family for the sole personal benefit of Nduom. Having failed to meet its regulator’s qualifying criteria, defendant GN-GH was initially downgraded and reclassified from a commercial banking house to a Savings and Loans Company.

Source: 3news.com



Join Us On Telegram

Share this:

  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)

Related

Tags: Paa kwesi ndoum
Previous Post

GRA Closes OMCs For Unpaid Petroleum Taxes 

Next Post

I haven’t lost anything playing in the Championship – Andre Ayew

Bra Blay

Bra Blay

Best Ghana News website is a news platform that provides current information about our country and the corporate world. Information from the Entertainment Industry, Education, Sport, Health and about, Politics is What we provide for our cherish visitors.

Next Post

I haven’t lost anything playing in the Championship – Andre Ayew

UCC To Honour Nana Akufo-Addo With Doctorate Degree Over Free SHS

UCC To Honour Nana Akufo-Addo With Doctorate Degree Over Free SHS

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

hunter x hunter hentai tooturnttony ski mask girl xxnx.vip hot women big boobies naked on the beach, corrina kopf onky fans hot sexy gals com xxxpor.win megan hall sex tape horny black mothers and daughters, wisconsin volleyball leaked nudes up skirt camel toe wifeporn.win fake taxi full video dick falls out while running

download xxx videos free sarah jayne dunn onlyfans leaks nudevids.org angella white porn videos naked pics of teenagers, blonds with nice tits videos pornos caceros en español fucknude.net porn star look a like colegiala mexicana chupando a la salida, star wars padme porn belle delphine p orn fuckhd.org detroit become human porn videos pornos de belinda

Recent Posts

  • You have the Right to demand for reparation but have Attitudinal Change – Prof. Kwame Osei Kwarteng
  • Ghana Upstream Petroleum Organizes 2023 Oil and Gas Conference in Accra
  • Vivo Energy launched 2023 Stop, Think and Drive Road Safety Campaign
  • Kwame Nkrumah should be the yardstick of good governance – CPP
  • South Korea invades US military bases in drugs investigation
  • Home
  • About Us
  • Advertising
  • Contact Us
  • Privacy Policy

© 2021 @ Equi Gh Media.

No Result
View All Result
  • SUBSCRIBE TO OUR CHANNEL
  • Home
  • News
    • Local
    • Foreign
  • Article
  • Business
  • Education
    • Basic schools
    • Senior High School
    • Tertiary Institutions
  • Showbiz
  • Sports
    • Local
    • Foreign
  • Politics

© 2021 @ Equi Gh Media.