Chop Chop At MASLOC Operations Director In GH¢1 Million Fraud

A GH¢1,055,582 fraud has been uncovered at the Microfinance and Small Loans Centre (MASLOC).

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An acting Director of Operations of MASLOC, Ken Kwaku Boadi Asare, is alleged to have forged 102 non-existing business associations to advance GH¢1,055,582 to two financial institutions.

The suspect, who is currently on interdiction, is alleged to have acted in connivance with some regional officers of MASLOC to perpetrate the crime.

Investigators of the Economic and Organised Crimes Office (EOCO) have since concluded investigations into the matter.

Report says the docket on the case is being nailed down for onward submission to the Attorney-General’s Department for advice.

The suspect, who is currently on interdiction, is alleged to have acted in connivance with some regional officers of MASLOC to perpetrate the crime.

Investigators of the Economic and Organised Crimes Office (EOCO) have since concluded investigations into the matter.

The docket on the case is being finalised for onward submission to the Attorney-General’s Department for advice, a highly placed source at EOCO told the Daily Graphic in an interview.

However, President of policy Think Thank, IMANI Ghana, Franklin Cudjoe took to Facebook and said he is not surprised about the stealing of millions of dollars going on at the government-inspired stealing institution called MASLOC.

All the directors of MASLOC should be picked up immediately as this looks like coordinated loot. After that MASLOC should be disbanded.



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