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Former MASLOC CEO Sedinam Tamakloe granted GH¢5 million bail

Former Chief Executive Officer of the Microfinance and Small Loans Centre (MASLOC), Sedinam Tamakloe Attionu has pleaded not guilty to the eighty (80) counts of stealing and causing financial loss to the state.

Sedinam Tamakloe

She made her first appearance before an Accra High court today, Monday, where the charges were preferred against them were read, and their pleas taken.

The Financial and Economic Court division was presided over by Justice Afia Serwa Asare-Botwe.

Tamakloe is to satisfy a bail condition of GH¢5 million with two sureties whereas the second accused person Daniel Axim is to satisfy a bail condition of GH¢1 million with one surety.

Present in court were some members of the National Democratic Congress (NDC).

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They are former Attorney General (AG), Marietta Brew Oppong and Betty Mould Iddrisu, Elvis Afriyie Ankra and Kojo Bonsu.

The former MASLOC boss has been charged with causing loss to public property, improper payment of public funds, unauthorised commitment resulting in financial obligation for the Government, money laundering and contravention of the Public Procurement Act.

According to the Economic and Organized Crime Office (EOCO), Mrs. Attionu was involved in fraudulent disbursement of MASLOC funds in 2014.

She has been charged with Daniel Axim, a former Operations Manager at MASLOC.

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Count one (1) to thirty-five (35) are on charges of stealing and conspiracy to commit crime namely stealing contrary to section 23(1) and 124(1) of the Criminal Offences Act 1960 (Act 29).

Count thirty-six (36) to sixty-eight (68), are on causing financial loss to the state, Willfully Causing Financial to the State and Conspiracy to Commit Crime namely Willfully Causing Financial to the State all of which are contrary to section 23(1) and 179 A (3)(a) of the Criminal Offences Act 1960 (Act 29). 

Counts seventy (70) and seventy-one (71) bother on causing Loss to Public Property, contrary to section 2 of the Public Property Protection Act 1977 (SMCD 140).

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