McDan, Richard Quaye Cleared by Financial Intelligence Centre After Their Accounts Were Frozen
- Ghanaian businessmen Daniel McKorley and Richard Nii Armah-Quaye have gotten good news from the Financial Intelligence Centre
- The Financial Intelligence Centre cleared them of financial malfeasance concerns that led to the temporary freezing of their accounts
- The Chief Executive Officer of the Financial Intelligence Centre, Kwadwo Twum Boafo, provided updates on cases involving both men
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The Financial Intelligence Centre has cleared Ghanaian businessmen Daniel McKorley, aka McDan, and Richard Nii Armah-Quaye after their accounts were frozen.
The centre has stated that they have both been cleared of any wrongdoing following detailed investigations into their financial transactions.
Source: Facebook
They were facing accusations of financial irregularities.
The Chief Executive Officer of the Financial Intelligence Centre, Kwadwo Twum Boafo, told GHOne there was no evidence of criminality or financial misconduct.
“McDan’s issue has been resolved. That is why I keep saying we don’t do personal vendettas. The accounts of Richard Nii Armah-Quaye were frozen, but they have been unfrozen now because there was a determination that there was no need for it to go forward."
Boafo also said both men had cooperated fully with investigators and had been treated fairly.
Why Richard Quaye-related accounts were frozen
While there wasn't much noise about McKorley's financial issues, in March, the Financial Intelligence Centre froze some accounts believed to be linked to Quaye amid tax evasion concerns.
The frozen accounts included Bills Micro-Credit, Quick Credit and Investment Micro-Credit, with the account of Romeo-Richlove Kweku Seshie, Chief Executive Officer of Bills, also frozen.
Source: Facebook
Bills Micro Credit Limited earlier stated that its business operations were separate from Quaye's personal life.
The freeze applied to all accounts linked to the named individuals, pending further instructions, as part of routine regulatory oversight to ensure compliance with also.
The Financial Intelligence Centre is the National Centre for receiving and analysing suspicious transaction reports related to Money Laundering, Terrorist Financing, and Proliferation Financing (ML/TF&P), and providing actionable intelligence to relevant authorities.
About Richard Quaye's birthday party
Quaye held a grand party to celebrate his 40th birthday on March 22. The lavish birthday celebration took place at the Independence Square.
The party featured high-profile guests and celebrities ranging from the Ga Mantse, King Tackie Teiko Tsuru II, to Nigerian singer Davido.
Quaye's business partners surprised him with three new luxury cars, including a Toyota Land Cruiser 300 Series, a Lexus LX 600, and a Mercedes-Benz G-Class (G 63 AMG) at the birthday celebration.
Quaye claimed to have invested in more than 30 Ghanaian companies, including the popular fast-food chain Chickenman Pizzaman.
He also said he holds the franchise rights to Pinkberry and Burger King in Ghana.
Chairman Wontumi’s bank accounts frozen
In April, YEN.com.gh also reported that the Financial Intelligence Centre had frozen bank accounts linked to Bernard Antwi Boasiako, aka Chairman Wontumi, amid allegations of financial irregularities.
His personal accounts and those of Akonta Mining and Hallmark Civil Engineering Limited were also frozen on the instruction of the Financial Intelligence Centre, which ordered transactions to be halted.
Proofreading by Bruce Douglas, copy editor at YEN.com.gh.
Source: YEN.com.gh
