The fifth (5th) Prosecution Witness in the case of the Republic versus Sedinam Tamakloe Attionu and a further has instructed the Fiscal and Tax Higher Court presided more than by Justice Afia Serwaa Asare Botwe, that the former CEO of MASLOC individually approved the personal loan ask for of Obaatanpa Microfinance Limited right before they ended up superior the GHc 500,000.00.
The financial loan has develop into a person of the bases for which the then CEO of MASLOC, Sedinam Tamakloe Attionu, has been arraigned on expenses of Stealing, Creating monetary reduction and amusing loss community house.
Mr. Francis Bandoh, the Head of Finance at the Microfinance and Compact Loans Centre (MASLOC) was led to give his evidence in chief by Mrs. Winifred Sarpong, a Point out Attorney at the Attorney General’s department.
In the bring about of the proof of the witness right before the Court docket, Prosecutors enquired from him no matter whether or not he could ensure to the Courtroom as to who accepted the 500,000.00 cedis for onward launch to the Obaatanpa Microfinance Confined and the activities that followed just after the revenue was offered to Obaatanpa. Down below are a handful of of the issues as questioned by the Condition Lawyer,(SA) , and the responses supplied by the the Prosecution Witness, (PW) .
SA. How a lot was the second ask for by Obaatanpa to MASLOC for economical support?
SA. What transpired after the CEO approved the 500,000?
PW. What happened following the approve of the then CEO was to send the files to the accounts place of work for a cheque to be well prepared by the Accounts place of work. Ahead of the cheque is ready, they glimpse out for the acceptance of the CEO. Prior to them, they put together a cheque payment voucher. The cheque payment voucher has a column for a date.
SA. Will you be ready to Detect the ask for document of Obaatanpa to the previous CEO?
PW. Certainly, I will be able to identify it.
Soon after the Prosecution Witness determined the explained doc, the State Legal professional additional requested,
SA. There are some minutes on the doc, can you describe the makings on the document to the Courtroom?
PW. The Minitues on the document has “HOF, make sure you lets discuss”. HOF usually means Head of Finance.
The next minute on the document states “based on the current balances, I recommend we location some resources with them”.
The final roll says “Approved and signed by the then CEO”.
SA. You also talked about making ready a cheque of 500,000.00 after the CEO had offered acceptance. Will you be in a position to determine the said cheque?
PW. Sure, I will be capable to establish a copy of the Cheque.
SA. Be sure to just take a glimpse, at this. What do you have in your hand?
PW. I have in my handa a photocopy of a cheque from ADB, Agric Growth Lender.
SA. Just after you had penned the cheque for Obaatanpa, did you have any variety of interactions with them?
PW. Certainly we did have interactions with them soon after the cheque was prepared. These interactions are ordinarily to ask for them to spend the curiosity on the quantity and so the account place of work originated a ask for to Obaatanpa. These ask for are commonly on MASLOC letter head and indication by the licensed man or woman.
SA. You talked about sending sending quarterly requests for payment to Obaatanpa. Will u be equipped to identify this request?
PW. Certainly I will be ready to recognize these ask for.
SA. Be sure to take a seem at this. What do you have in your hand?
PW. What I have in my hand is a photocopy of MASLOC letter requesting for curiosity payment from Obaatanpa. The subject matter is ask for for desire payment and it signed by the then CEO and Bead of Hazard administration.
SA. Did you receive any response from Obaatanpa following your many requests to them?
PW. No I did not hear just about anything. Even so, when the new administration arrived, we wrote leeter to all establishments who have delayed with interest payments and Obaatanpa was just one of them. Obaatanpa arrived to a conference at the MASLOC premises. At the conference, Obaatanpa’s agent at the assembly stated they will get again to us. Just after some handful of months, I was revealed a letter by the existing Deputy CEO from the previous CEO acknowledging a sum 500,000.00 from Obaatanpa.
Hearing in the trial was subsequently adjourned by Justice Afia Serwaa Asare Botwe’s Courtroom to the 21st of January 2020 for the State to guide its witness to give even further evidence.
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