US-based company says Papa Kwesi Nduom is more than America's number 1 fraudster, Nduom fights back

US-based company says Papa Kwesi Nduom is more than America's number 1 fraudster, Nduom fights back

- Dr. Papa Kwesi Nduom says the claims of money laundering is to tarnish his image

- Groupe Nduom has been dragged to court over a $63 million fraud

- US-based Birim Group LLC compared Nduom to America’s Number 1 fraudster

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Groupe Nduom is fighting off US-based Birim Group LLC’s claims of money laundering and wire fraud. The Groupe has described the arguments advanced by the plaintiffs as one full of aspersions and innuendos. It has, therefore, filed a motion to dismiss the case.

US-based Birim Group LLC’s has brought charges against the founder and former flagbearer of the Progressive People’s Party (PPP), Dr Papa Kwesi Nduom.

US-based company says Papa Kwesi Nduom is more than America's number 1 fraudster, Nduom fights back
US-based company says Papa Kwesi Nduom is more than America's number 1 fraudster, Nduom fights back (Photo: Progressive People's Party)
Source: Getty Images

In a writ sighted by Myjoyonline, Groupe Nduom, is being accused of laundering a total of $63,000,000.

“The Nduom family defendants, by and through their ownership, control and use of defendants GN Bank, Gold Coast Fund Management and over 60 undercapitalized interrelated companies, collected several million dollars of depositor’s saving, investment contributions and insurance premiums, and in violation of U.S. and Ghana laws illegally laundered approximately $63,000,000 of depositors’ funds through its Virginia-based sham ‘procurement and consulting service’ company, International Business Solutions,” Birim Group LLC stated.

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In a response from Groupe Nduom. The company described the suit as an attempt to denigrate their reputation through the courts.

“Birim Group, LLC’s complaint misuses this Court to smear a Ghanaian entrepreneur and political leader, Dr. Papa Kwesi Nduom, founder of the Ghana Progressive People’s Party. Birim Group itself is a murky LLC whose members the complaint does not identify. It does not claim to have had any dealings with Dr. Nduom or the other defendants.
“Rather, Birim Group claims to have paid for the claims of two Ghanaian citizens, Mavis Amanpene Sekyere and Nana Kwame Twum Barimah (the “Assignors”), who have what at most amounts to breach-of-contract claims under Ghanaian law against Ghanaian bank GN Bank and Ghanaian investment firm Gold Coast Fund Management (“GCFM”) (collectively, the “Ghanaian Defendants”),” their statement said.

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Leader of the Economic Fighters League, Ernesto Yeboah, has described the arrest as shameful. He questions how an assembly of these people to discuss their sexuality amounts to a crime.

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“It’s shameful enough that in Ghana people are criminalized based on their sexuality. Now, how does talking about it constitute a crime?” he fumed.

The 21 people, consisting of 16 females and five males, were remanded into police custody on Friday, May 21, 2021.

According to a statement by the Volta Regional Command of the Ghana Police Service, the suspects were remanded after being put before the court over an unlawful assembly.

The group, the statement revealed, was arrested while they were having a conference at the Nurses and Midwives Hotel n the Volta Regional capital of Ho on Thursday, May 20, 2021.

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Source: YEN.com.gh

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