The High Court in Accra presided over by Justice Anthony Opppong has accepted terms and agreement the state has entered into with three out of the six accused persons in the Ventures Capital case.
They are to pay a total of about (GHc 18,500,000.00) to the State.
The terms also included the seizure of eleven properties belonging to the first accused persons.
This comes after Justice Anthony Oppong, a Court of Appeal Judge sitting with additional responsibility as a High Court Judge had earlier rejected an agreement reached between the Attorney General and three accused persons in the case.
The three accused persons, Daniel Duku (1st Accused), Irene Anti-Mensah (3rdAccused) and Frank Aboagye Mensah (5th Accused), entered into negotiations with the Attorney General under Section 35 of the Courts Act, 1993, (Act 459), a provision that allows accused persons to offer compensation and restitution to the State for the loss, harm or damage caused the State.
The accused persons per the agreement changed their plea from a not guilty to guilty and they were convicted on their own plea by the court.
Fines
Per the agreement reached, Mr Duku, will pay an amount of GHC 15,000,000.00) to the Venture Capital Trust Fund (VCTF) and a fine of five hundred thousand Ghana cedis (GHc 500,000.00) to the State.
Anti-Mensah, is to pay GHc1.5M to the Venture Capital Trust Fund (VCTF) and a fine of One Hundred Thousand Ghana cedis (GHc 100,000.00) to the State.
Frank Aboagye Mensah is to pay (GHc 1,195,000.00) to Venture Capital Trust Fund (VCTF) and a fine of One Hundred Thousand Ghana cedis (GHc 100,000.00) to the State.
As part of his terms, the first accused, Daniel Duku, is to forfeit about eight (8) buildings at the Agyekum Presidential Villa at Adjiringano and Georgetown Heights 6 apartments of 3 bedrooms each, and five (5) vehicles, including a Porsche Cayenne and Porsche Panamera, to the State.
The accused persons are expected to make good all the payments within three months from Friday, July 10, 2020.
Charges
Per the charge sheet of the State as presented in Court, the first accused person, Daniel Duku was charged with the offences of Wilfully causing financial loss to the Republic contrary to section 179A (3) (a) of the Criminal Offences Act, 1960, (Act 459), Stealing contrary to section 124(1) of the Criminal Offences Act, 1960 (Act 29), Money Laundering contrary to section 1(1) (c) of the Anti-Money Laundering Act, 2008, (Act 749) and Issuing of False cheque contrary to section 313A (1) (6) of the Criminal Offences Act, 1960, (Act 29).
The 3rd accused person, Irene Anti-Mensah, was charged with the offences of Abetment of crime namely Wilfully causing financial loss to the Republic contrary to sections 20(1) and 179A (3)(a) of the Criminal Offences Act, 1960, (Act 459), Abetment of crime namely defrauding by false pretence contrary to sections 20(1) and 131(1) of the Criminal Ofences Act, 1960 (Act 29) and Conspiracy to steal contrary to sections 23(1) and 124(1) of the Criminal Offences Act, 1960(Act 29).
The 5th accused person, Frank Aboagye Mensah, on the other hand was charged with the offences of Defrauding by false pretence contrary to section 131(1) of the Criminal Offences Act 1960 (Act 29), Conspiracy to steal contrary to sections 23(1) and 124 of the Criminal Offences Act 1960 (Act 29), Stealing contrary to section 124(1) of the Criminal Offences Act, 1960 (Act 29) and Money Laundering contrary to section 1(1)(c) of the Anti-Money laundering Act, 2008 (Act 749).
Source: Starrfm.com.gh