Nduom: Gold Coast Securities Company wins GHC174m judgment debt against Health Network Company Limited

Nduom: Gold Coast Securities Company wins GHC174m judgment debt against Health Network Company Limited

  • One of the companies under the Groupe Nduom has won a GHS174 million judgment against Health Network Company Limited
  • The court ruled in favor of the Gold Securities Company Ltd now BlackShield and Ghana Growth Fund Company Limited
  • According to the owner of Groupe Nduom and other stakeholders, the fund management company had its licence revoked in a hasty manner

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One of Dr Papa Kwesi Nduom's companies under the Groupe Nduom conglomerate, Gold Coast Securities Company Ltd, now BlackShield and Ghana Growth Fund Company Limited has won a GHS174 million judgment against Health Network Company Limited.

On Thursday, July 15, 2021., the ruling was given by the commercial division of an Accra High Court.

In a report filed by CitiNews, the ruling, according to Groupe Nduom owners and other stakeholders stated that their license was revoked in a hasty manner.

Read also

Lawyer in $5 Million bribe allegation against Chief Justice Anin Yeboah to meet CID today

Groupe Nduom wins GHC174m judgment debt against Health Network
Papa Kwesi Nduom Photo credit: Graphic.com.gh

The report also indicated that the actions of the regulators have caused huge collateral damage to related companies as they have been starved of deposits they placed with their sister companies.

However, Groupe Nduom still stands by its claim that government agencies and the contractors they gave legitimate contracts to, owe the Groupe, more than GHS3 billion with accrued interest.

The ruling further proves the point that if those who had taken money placed with them had paid even 15 % of what was due GN Bank/GoldCoast/Blackshield, the companies would still have been in operation.

In other news

Lawyer Akwasi Afrifa, the man at the centre of the $5 Million bribery allegation against Chief Justice Justice Kwasi Anin Yeboah, will meet the officers of the Criminal Investigative Department (CID) of the Ghana Police Service later today.

On Monday, June 12, 2021, YEN.com.gh reported that Chief Justice Yeboah had pushed back against claims that he asked for or taken a bribe to sway a decision in a court case.

Read also

Education Minister defends 'blowing' 33 Million Cedis on 'pasco' for Final SHS students

Afrifa's meeting is part of the probe by the investigative body into the allegations following an appeal by the Chief Justice Justice, per a Starr FM report.

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Source: Yen.com.gh

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