DKM manager and co granted bail

quist

January 21, 2016 12:17 PM

According to the judge hearing the case, Justice Aboagye Tandor the managing director of DKM financial services is to pay six million Cedis as security deposit and also report to the police once a week along side the other operators indicted in the scam.

The four operators of some Microfinance Companies in the Brong Ahafo Region who have been arrested by the BNI for squandering investors' money, have been granted bail by a circuit court in Accra.

The four; Martin Delle, Managing Director of DKM Financial Services; Noel Nortey, Nkoranza Branch Manager of God Is Love Fun Club; Charles Asum, Managing Director of Jastar Group of Companies and Monica Afriyie popularly called Maame Korkor, Managing Director of God Is Love who have been charged with fraudulent breach of trust were granted bail ranging from 20 million to 80 million cedis.

According to the judge hearing the case, Justice Aboagye Tandor the managing director of DKM financial services is to pay six million Cedis as security deposits and also report to the police once a week along side the other operators indicted in the scam.

The micro finance operators have been accused of collecting various sums of money running into several millions of Ghana Cedis from their clients, promising them huge interests of not less than 50 per cent.

It has also been reported that close to 50% have committed suicide in the Brong Ahafo Region after several months and weeks of failed efforts to retrieve their monies unduly locked up with the collapsed microfinance companies.

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