Court orders arrest of DKM boss, 4 others over defrauding clients

pulse-ghana admin

February 6, 2018 2:06 AM

The Sunyani Magistrate Court "A" has issued a bench warrant for the arrest of the DKM founder, along with four other suspects, also reported to have defrauded their clients.

The Chief Executive Officer (CEO) of

The Court has issued a bench warrant for the arrest of the DKM founder, along with four other suspects, also reported to have defrauded their clients.

The other four are Aziz Abdalla Achulowor, Amadu Ibrahim, Richard Zawi and Juliana K. Delleh all executive members of Care for Humanity Fun Club International, based in New Jersey in the United States of America but with a branch at Nkoranza.

The suspects have been charged with “defrauding by false pretenses” after ripping their clients of billions of Ghana Cedis at Nkoranza in the Brong-Ahafo Region.

They are, therefore, set to appear before the Court presided over by Mr. Jojo AmoahHagan on the 21st February 2018 to learn their fates.

The Prosecutor, Police Chief Inspector John Amaning Kwakye, told the court that three years ago the accused advertised on radio stations at Nkoranza that they were operating a micro finance business that yielded 60 per cent interest on cash deposits for a period of two months.

He explained that over 5000 people elected to invest their monies in the said micro finance business, but received neither their deposits nor interests after.

He further revealed that the monies deposited with the company ranged between GHC500.00 and GHC500,000.00.

Chief Inspector Kwakye said after the stipulated two-month period, the complainants visited the company’s offices at Nkoranza only to realize that the offices had been closed with no one working.

The complainants subsequently reported the case to the Police, leading to the suspects being summoned to court.

The have been slapped with charged of “defrauding by false pretenses”.

Meanwhile, both DKM and Care for Humanity micro finance companies were closed down in 2015 by the Bank of Ghana after they flouted rules governing the operations of micro-finance business in the country.

The closure of the two micro finance companies led to a many of their clients losing thousands of cedis, having seen their investments go down the drain.

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