Tag: EOCO
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EOCO, WHO to tackle illicit tobacco trade
The Executive Director of the Economic and Organized Crime Office (EOCO) COP Maame Yaa Tiwaa Addo-Danquah (Mrs) has reiterated the commitment of her outfit to working with other bodies to ensure that laws governing the tobacco trade are complied with to the letter. She noted that the illicit tobacco trade poses a challenge as other…
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Aggrieved Gold Coast Fund Management customers demand probe into EOCO over missing Server
The aggrieved customers of Gold Coast Fund Management is calling for an investigation into the Economic and Organised Crime for their inability to produce a server needed for an ongoing court case. In a statement issued by the aggrieved customers of Gold Coast Fund Management, , its convener, Charles Nyame, noted that, the server which…
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EOCO, SEC caution public against doing business with these 17 unlicensed entities
The Securities and Exchange Commission (SEC) is cautioning the public against doing business with some 17 entities providing investment products without a license. In a joint statement issued by SEC and the Economic and Organized Crime Office (EOCO), it was revealed that these entities were found to be operating through online portals. This was a…
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EOCO, Ghana Association of Bankers nab 4 in GH¢200,000 SIM swap fraud
The Economic and Organised Crime Office (EOCO) in collaboration with the Ghana Association of Banks, has arrested four (4) persons engaged in SIM swap fraud. Suspects, according to a representative of the Association of Banks, Mr. Ransford Nana Addo Jnr, were picked up at various locations in the country for colluding and illegally accessing the…
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BoG forwards suspected financial crime cases to EOCO for further probe
The Bank of Ghana has forwarded a number of suspected financial crime cases to the Economic and Organised Crime Office (EOCO) for investigations. According to the Central Bank, these include suspicious claims to the Bank of Ghana for the payment of certain large sums of money purportedly remitted to them by foreign counterparties through some…
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Databank’s Alex Boahen advocates for more education on Ponzi schemes
Amidst the growing concern about the operations of Ponzi schemes in the country, the Head of Research at Databank, Alex Boahen, has reiterated the need for more investor education by the regulators. This follows the recent conclusion by the Economic and Organised Crime Office (EOCO) that Chy Mall, under which Chy Century Heng Yue Group…
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Don’t invest in Chy Century Heng Yue; it’s a Ponzi scheme – EOCO cautions Ghanaians
The Economic and Organised Crime Office (EOCO) has warned the public against doing business with a Chinese Company called Chy Century Heng Yue Group Limited and Sairuir-Commerce Ghana Limited. In a statement, EOCO said it had been monitoring the company since the middle of 2020 and has concluded it is a Ponzi scheme. “The company…
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Prosecutions will begin in August – Receiver for defunct Microfinance & S&Ls firms
The Receiver for the defunct 347 Microfinance Companies and 23 Savings and Loans Companies and Finance Houses, Eric Nana Nipah, says the government is not only interested in recovering assets and paying depositors, but will also commence prosecutions from August this year. In an interview with Citi Business News, Mr. Nipah, who has assured a…
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EOCO freezes assets of defunct Ideal Finance boss, Nii Kotei Dzani
The Economic and Organized Crime Office (EOCO), has frozen the assets of Nii Kotei Dzani, a Member of the Council of State and founder and Director of defunct Ideal Finance. According to Citi Business News sources, the action is to among other things intended to find ways to retrieve funds from him to pay back customers whose…
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Ideal Finance collapse: EOCO pursues Nii Kotei Dzani for more assets and accounts
The Economic and Organized Crime Office (EOCO), says it is still in the process of tracking more assets and accounts owned by Council of State Member and founder of defunct Ideal Finance, Nii Kotei Dzani. EOCO has already frozen some 31 accounts and some landed property of Nii Kotei Dzani, as part of efforts to…