Director of the Kessben Group of Companies, Mr. Kwabena Kesse has finally been granted bail after he was arrested for alleged fraud and money laundering. He was granted bail at the sum of GHC 350 million with four sureties.
Not too long ago, Mr. Kwabena Kesse was accused of using one of his firms, KESSBEN Shipping, Forwarding and Trading Ltd. (KSFTL), to facilitate the outward transfer of large volumes of foreign exchange to fictitious addresses.
A confidential National Security document reveals that from January, 2013 to February, 2014, Mr Kesse had siphoned an amount of one hundred and twenty-seven million, nine hundred and thirty one thousand, seven hundred and twenty-seven dollars and sixty-five cents ($127,931,727.65) and transferred same to unknown foreign destinations, using fake documentation.
According to the intelligence report, the transactions were very frequent sometimes almost daily and involved Ghana�s hard earned dollars, thereby placing a huge burden on the cedi-dollar ratio.
More details soon...
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