DKM Microfinance boss, 3 others arrested
The Director of DKM Microfinance Company, Martin K. Dele, is in the custody of the Bureau of National Investigations (BNI) for allegedly misappropriating funds of his clients.
Dele, who was on the run, reported himself to the BNI in Accra yesterday and has since been placed in custody.
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Three other persons facing similar charges were arraigned last Friday, January 8, 2016.
They were remanded till January 14, 2016.
A highly placed BNI source said Dele would be arraigned within 48 hours of his arrest.
“We will take him to court for a remand warrant,” it disclosed to the Daily Graphic in Accra yesterday.
Those arraigned last Friday were Monica Afriyie, Chief Executive Officer (CEO) of God Is Love Fan Club; Nortey Noel, a businessman, who is also an associate of Monica, and Charles Asum, the founder of Jastar Motors and Investment Company.
Afriyie (popularly called Maame Korkor) and Nortey pleaded not guilty to two counts of agreeing to act together to commit crime and dishonestly appropriating GH¢50,000 cash which was invested by a man identified as Adam Jagoi.
Asum, who is standing trial for dishonestly appropriating GH¢22, 500 that was invested by a man identified as Stephen Yaw Boateng, also pleaded not guilty.
Facts
Prosecuting last Friday, Deputy Superintendent of Police (DS) Mr Abraham A. Annor asked the court, presided over by Mr Aboagye Tandoh, to remand the suspects to enable the police to carry out further investigations into the case.
According to him, the accused persons convinced their clients with a 50 per cent interest offer on investments in three months.
Based on the information, a number of people were said to have deposited various sums of money in the suspects’ companies.
However, on the maturity dates, the clients found the offices of the suspects locked when they went to collect their money.
A report was then made to the BNI, since the suspects could not be traced.
In the course of investigations, it was found out that Afriyie and Nortey had allegedly collected money from a number of clients to the tune of GH¢100 million, while Asum was also alleged to have collected GH¢20 million.
Martin, who was then at large, was alleged to have collected GH¢80 million.
Lawyers for the accused persons claimed that their clients were innocent.