[ad_1]
Crime and punishment of Wednesday, October 28, 2020
Source: GNA
2020-10-28
It is alleged that Karikari Acheampong used some of the money to create her own companies.
A 28-year-old manager of Joyment Ventures has appeared in Accra circuit court for allegedly embezzling GH ¢ 535,963.83 belonging to his employers.
It is alleged that Karikari Acheampong used some of the money to set up her own companies.
He pleaded not guilty to theft and has been admitted to bail in the amount of GH ¢ 500,000 with three bonds, one to be justified. Acheampong will reappear on November 11.
The court ordered that the bonds be used for remuneration and they had to deposit their passport photographs with the Court Registry.
At the prosecution, Sergeant General Thomas Sarfo said the plaintiff, Clement Ofori Amanfo, was the CEO of Joyment Ventures Company, and Acheampong, the manager.
The prosecution said that Joyment Ventures was one of the key distributors of SUNDA Ghana products, including detergents, mosquito sprays and diapers.
Sergeant Sarfo said that the company worked for a commission in SUNDA Ghana and the mode of the transaction was that the plaintiff always wrote post-dated checks payable to Joyment Ventures to SUNDA Ghana whenever he supplied them with goods (Joyment Ventures).
He said that after selling the products, the proceeds were deposited into the Joyment Ventures account for the post-dated check to clear.
The prosecution said that Joyment Ventures operated with a Fidelity bank account and that in March of this year, the plaintiff issued two post-dated checks to SUNDA Ghana with a face value of ¢ 310,764.00 GH and ¢ 305,415.00 GH.
He said assets of that value were turned over to Joyment Ventures and given to the defendants for sale.
The prosecution said that when both checks expired, the first check was cleared but the second check for GH ¢ 305,415.00, could not pass. SUNDA Ghana reported the matter to the complainant, who also contacted the accused person, but Acheampong could not account for the proceeds after selling the products “and began to tell stories”.
The author reported the matter to the police which led to the arrest of the accused. During investigations, the defendant was found to have embezzled GH ¢ 535,963 from Joyment Ventures, prosecutors said.
He said that the defendant had registered two personal businesses; Kerstral Gate Ventures and Karikang Ventures, which operate with four different bank accounts.
Acheampong began depositing some funds earmarked for Joyment Ventures into its private business accounts, thus creating fictitious losses at the banks, the prosecution said.
He said that Acheampong denied the crime in his warning statement, but during the investigations GH ¢ 45,000 was recovered from him, which was delivered to the complainant, leaving a balance of GH ¢ 490,963.83.
Send your news to
and features for
. Chat with us through WhatsApp at +233 55 2699 625.
