The High Court has convicted three Senior Executives of Venture Capital to over GHS18 million in restitution to the State.

This is based on an agreement which the three, Daniel Duku (1st Accused Person), Irene Anti-Mensah (3rd Accused Person) and Frank Aboagye (5th Accused), out of the six persons standing trial in the case of the State against Daniel Duku and five others, entered into with the State to refund GHS18.5 million to the State including 11 properties belonging to Mr. Duku.

The agreement which is pursuant to Section 35 of the Courts Act, 1993, (Act 459), had earlier been rejected by the Court Presided over by Court of Appeal Judge, Anthony Oppong sitting as an additional High Court Judge, in June this year, but reviewed the decision on Friday, July 10, 2020.

Daniel Duku, under the agreement, will pay an amount of GHS15 million, US$26,063 to the Venture Capital Trust Fund (VCTF) and a fine of GHS 500,000 to the State.

These he will pay in addition to the seized properties.

Irene Anti-Mensah will pay GHS1.5 million to the Venture Capital Trust Fund (VCTF) and a fine of GHS100,000 to the State.

Frank Aboagye Mensah will pay GHS 1,195,000.00 to Venture Capital Trust Fund (VCTF) and a fine of GHc 100,000.00 to the State.

The properties include five vehicles; (including a Porsche Cayenne and Porsche Panamera), six apartments of three bedrooms each at Georgetown Heights and the eight buildings at the Agyekum Presidential Villa at Adjiringano.

The payments are to made within three months from Friday, July 10, 2020.

RELATED ARTICLESMORE FROM AUTHOR

28 COMMENTS

  11. … [Trackback]

    […] There you will find 94111 additional Info to that Topic: newscencord.org/three-senior-executives-of-venture-capital-to-cough-up-ghs18m/ […]

  20. “For example, you may make repayments in all but several countries. So, on The Beginning, it can be used worldwide. Forget about all the different business banking and foreign currencies systems it’s a very general technique to transport value.

  21. Miovision’s CEO, Kurtis McBride, gives loads of consumer credit to Waterloo’s tech cluster for his company’s being successful.

    “I can’t imagine a superior destination to build a modern technology firm.”

  24. If a campaign reaches its funding purpose just before the
    time expires and the applicants ave not permitted
    over-funding, the campaign will not be in a position to get any further donations and it
    will be liste as a productive campaign. Kuala Lumpur, 11 MARCH 2021: Thee malaysia startups 2020 (http://www.86fag.com) Digital Economy Corporation (MDEC) has launched its two most
    up-to-date Funding Facilitation initiatives for 2021 Founders Grindstone for startup capacity creating and Investor Matching, to match startups with Venture Capitals
    (VCs). As we move into the post pandemic era, thiis sense of neighborhood enables for quickeer organization growth,
    more adaptability and a good operate culture that contributes to developing to far better financial
    gains. Founders Grindstone had been introduced in 2020 as a capacity constructing programme focused on assisting nearby tech entrepreneurs in their fundraising journey.
    This year, thee Founders Grindstne initiative will extend its partnership to
    more legal firms and VCs, and will apso be functioning with
    the recipients of PENJANA Kapital. PETALING JAYA:
    Penjana Kapitazl Sdn Bhd will be the enhance for Malaysian start-ups in the
    time of the neww normal, said Finance Minister Datuk Seri Zafrul Tebgku Abdul Aziz.
    Budget 2020 doubles down on crucial initiatives to boost digotal entrepreneurship andd the ecosystem as a entire.

  25. “It actually depends on your group and business,”she says.

    •Innovation implementation in public administration depends on the
    individual’s motivation to innovate as effectively as their
    readiness to adapt innovation implementation to tthe
    atmosphere. In: America Society for Public Administration Annual Conference 2018,
    9-13 March 2018, Hyayt Regency Denver, Denver, United Staes of America.
    startups malaysia 2020 is
    among additional than 190 countries participating in Expo 2020 Dubai,
    which will take location from Oct 1, 2021, to March 31, 2022, beneath the
    theme of “Connecting Minds, Creating the Future”.

    At this stage, iit is important too get a founders agreement or
    vesting agreement in location! I get asked by so several aspiring founders and entrepreneurs
    what they should know before setting up a firm
    inn Singapore. The paer examines the varieties of crodfunding models getting offered in the Malaysian setting.
    What are the other items to take into account jusst before
    setting up a vesting schedule for my startup?
    So if you want to differ the vesting schedule yyou could of clurse do so.
    Alternatively, VCs may perhaps want lowedr
    their dangers but boost their bets, so smaller sized rounds could support thwm accomplish that – i.e.
    the manner of how 500Startups invest. Ask other persons.
    You’d discoger a lot of people are wiklling to
    share and aid you out.

  26. Mostt real young entrepreneurs programme will probably be the primary to
    acknowledge that they want advice from individuals who’ve been off their sneakers and accomplished what they’re
    making an attempt to do. Interviewing individuals
    in the target group is invariaby one of the most rewarding and value-effective steps too
    understanding the context and the explanation why peopoe
    don’t carry out a desired behaviour (e.g. go to a bank or register a business).
    The Entrepreneurs Programme large group of expertise
    Startups and the CEOs of those teams that nneed to be taugt & grow
    collectively. These are pink flags for Republican deficit hawks, says John Dearie, founder and president
    oof the center for American Entrepreneurship, a Washington D.C.-primarily based nonpartisan resewrch
    and coverage advocacy group. Listed here are 4 particular ways
    you’ll be able to improve yyour HRV – and reap the benefits of a healthier life-style.
    Sleep is a necessary consider HRV. Proper hydration hass a strong effect on HRV.
    Entrepreneurs are keen too assume financial risks to create a revenue; they begin companies.
    If the selection processes are thorough, addiitional need-based training mighyt be supplied for more practical results.

  27. Update: We moved tuis to beneth “Private Accelerators” from “Government Accelerators” while Khazanah Neo is under the Malaysizn Government and it is not
    truly an accelerator in itself. However, the three privately-owned accelerators below are contracted by Khazanah Neo to run the actual applications, so wee
    doo agree it belongs here. Theyy run a 24-week program with
    RM50k, mentorship, access to Sunway Group enterprises (12 verticals), and RM150k of Google Cloud credits in exchange ffor
    8%. The mentors are mostly from Sunway. The Global
    Accelerator Programme (GAP) is runn bby the Malaysian Global Innovation & Creativity Centre (MaGIC), an agency
    below the Ministry of Science, Technology and Innovation (MOSTI) of malaysia start ups, to prfepare
    selected local and international begin-ups to expand their business
    in the ASEAN region and be investment-ready inside three months.
    Thee Accelerator Programme was initiated to ofer fund to aspiring and existing
    start out-ups in the application improvement space, and
    it has covered thrilling and revolutionary enterprise tijps via itts 16 effective
    Alumni. Thee application process is llengthy but those whho complete it will get pleasure from low interest.
    Fundaztic is a peer to peer lending platform for SMEs and startups enabing them to raise
    amounts among RM20,000 to RM200,000 with brief repayment periods of amongst 3 months to 36 months with
    inteest rates aas low as 5.88% pper annum.

LEAVE A REPLY

Please enter your comment!
Please enter your name here