– Advertisement –
A circuit court in Accra has sentenced a young businessman to prison for falsifying the Bank of Ghana’s operating license for microfinance organizations.
Kofi Asante, nicknamed Davis, 34, was sentenced to eight years in prison for forgery and years for accepting deposits without a permit. The clauses will follow one another.
According to a report, Asante was apprehended when authorities learned that he had established KM Community Bank and Prym Capital, an illegal microfinance company, in Suhum and its surroundings.
About 950 of Kofi Asante’s clients made daily deposits of GH56,000 prior to his arrest.
Asante admitted to investigators before to his imprisonment that no state agency had any control over any of his firms.
Similar to the DKM microfinance controversy that rocked the nation a few years ago is Kofi Asante’s unlawful business.
According to the prosecution, ASP Emmanuel Haligah, Asante utilized his illicit enterprise to solicit deposits from customers at the KM Community Bank locations in the Eastern Region’s Anum Apapam, Akorabo, and Amanase.
Also Read: Dog gives hot chase to its owner’s ex-girlfriend after she showed up at his house uninvited [Video]
Asante was detained on June 30, 2023, according to ASP Haligah, as part of the inquiry.
Police discovered the fake microfinance operating license that can only be issued by the Bank of Ghana when they investigated his offices.
Asante later admitted that between April 2022 and January 2023, he had faked the documents.
A total of 24 employees at his unauthorized bank outlets have subsequently lost their jobs.
Read More: I’m one month pregnant for my biological brother and his roommate – Lady confesses
