An Accra High court has granted bail to the former CEO of Venture Capital Trust fund (VCTF), Daniel Duku, together with five other persons.
The was charged with for causing financial loss of 42.8 million cedis to the state.
The former CEO was granted a bail of 50 million Ghana cedis with 3 sureties.
The second accused person, a former MP for Keta and member of the board of trustees of the Venture Capital Trust fund, Richard Lassey Agbenyefia and the 6th accused, Charity Opoku who was an accountant with the VCTF were granted bail of 30 million cedis with 3 sureties.
The fourth accused person, Kofi Sarpong who was an investment officer with the company, was granted bail of 40 million cedis with three sureties.
The third and fifth accused persons, Irene Anti-Mensah and Frank Aboagye Mensah were each granted bail of 20 million cedis with 2 sureties.
The case has been adjourned to May 24, 2019.
A former Chief Executive Officer (CEO) of the Venture Capital Trust Fund (VCTF), Daniel Duku, has been charged together with five others for causing financial loss of GH¢42.8 million to the state.
The rest are Richard Lassey Agbenyefia, a former Member of Parliament and a former member of the Board of Trustees of VCTF (the Board); Irene Anti-Mensah, who doubled as the Executive Assistant to Duku was an Investment Officer of VCTF; Kofi Sarpong, was an investment officer of VCTF; Frank Aboagye Mensah, a businessman and the husband Irene and Charity Opoku also known as Charity Ameyaw, was an accountant at VCTF.
They have been variously charged with 86 counts of willfully causing financial loss to the state, abetment of crime, stealing, defrauding by false pretences and issuing of false cheques.
Additional facts from citi news
