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Supreme Court places embargo on Woyome’s shares in 11 companies
Per the order, Mr Woyome must appear before the court on June 29, 2017 to explain why the embargo should not be made permanent.
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This follows his GH¢51.2 million indebtedness to the state.
Shares of the businessman affected include those in Anator Holding Company Limited, AAW Management Consulting Services Limited, Green Township Security Services Company Limited, Anator Construction Company Limited, Woyome Brothers International Limited and Stewise Anator Company Limited.
The rest are Stewise Shopping Company Limited, Green Townships and Industrial Parks Development Company Limited, Anator Power Company Limited, Green Townships (GH) Company Limited and Special Economic Zone International Trading Company Limited.
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READ ALSO: AG to orally examine Woyome on June 29
The Supreme Court order, granted by Mr Justice A.A. Benin, was in relation to a motion filed by the Attorney-General (A-G) on May 17, 2017 praying the court to impose a “charging order” on all the shares owned by the businessman in the 11 companies.
Meanwhile, the Supreme Court has ordered Alfred Woyome to appear before it on June 29, 2017 to be orally examined by the Attorney General with regard to the GH¢51.2 million debt.
An ex-parte motion to examine Mr. Woyome was filed on June 2, 2017.
The oral examination would border on whether Mr Woyome owed the state any debt and whether he had “any property for satisfying the judgement of this court, dated July 29, 2014’’.
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The oral examination would also be based on whether the businessman “has any means of satisfying the judgement of this court, dated July 29, 2014’’ and the manner in which he “used the money paid to him by the Republic of Ghana’’.
Background
The Supreme Court ordered Mr Woyome to refund GHS51.2 million to the state.
The court stated that Mr Woyome got the money out of an invalid contract between the state and Waterville Holdings Limited in 2006 for the construction of stadia for CAN 2008.
But the outgone National Democratic Congress (NDC) government was not able to retrieve the money from the businessman before leaving office.
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Woyome has, however, refunded GH¢4 million to state coffers, representing part payment of the GH¢51.2 million he owes the state.
He is to pay Gh¢5million every four months in instalment until the final payment is made on April 1, 2019.
However, Mr Woyome, who is dissatisfied with the ruling by the Supreme Court, has resorted to two international bodies, the ICC and African Court of Justice, to determine the matter.
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