The receivers of the seven failed banks have started legal proceedings against 50 directors and shareholders for their roles in the collapse of the banks.
The banks are uniBank Ghana Ltd, the UT Bank, the Capital Bank, the Royal Bank, the Construction Bank, the Beige Bank and the Heritage Bank.
A Special Investigative Team (SIT) set up to probe financial crimes in the country has also referred many dockets on some members of staff of the defunct banks to the Attorney-General’s Office for advice and possible prosecution.
The receivers, Messrs Nii Amanor Dodoo of KPMG, Vish Ashiagbor and Eric Nana Nipah, both of PricewaterhouseCoopers (PwC), are also pursuing 31,000 customers of the failed banks to recover more than GH¢10 billion in loans and advances.
According to reports by Daily Graphic, he defunct uniBank had the highest number of defaulting customers, numbering 26,558, with a total debt of GH¢4.6 billion, while the Sovereign Bank had 298 customers owing GH¢136 million.
For the Royal Bank, 752 customers are being pursued to pay GH¢1.142 billion, while 14 customers of the Construction Bank are to pay GH¢625,000.
For the Beige Bank, 3,371 customers are to refund GH¢872 million.
The figures for the loans and advances are gross and do not include the stipulated interests.
Sources close to the receivers said for one of the failed banks, more than GH¢3.8 billion did not pass through the loan books but was captured through a special audit because it was distributed among the directors.
Special Investigative Team
A highly placed source with the SIT also told the Daily Graphic that a reasonable number of documents had been forwarded to the Attorney-General’s Department for advice and possible prosecution.
It explained that a lot of work had gone into the investigations, as all those suspected to have played diverse roles had to respond to individual queries raised by the receivers against them.
It explained that it was as a result of those issues that many people thought that nothing was being done, adding that "prosecutions will start soon, as reasonable cases have been established against those individuals".
It said the team was awaiting the appropriate charges to be preferred against them by the Attorney-General, with other related legal advice.
The banks are uniBank Ghana Ltd, the UT Bank, the Capital Bank, the Royal Bank, the Construction Bank, the Beige Bank and the Heritage Bank.
A Special Investigative Team (SIT) set up to probe financial crimes in the country has also referred many dockets on some members of staff of the defunct banks to the Attorney-General’s Office for advice and possible prosecution.
The receivers, Messrs Nii Amanor Dodoo of KPMG, Vish Ashiagbor and Eric Nana Nipah, both of PricewaterhouseCoopers (PwC), are also pursuing 31,000 customers of the failed banks to recover more than GH¢10 billion in loans and advances.
According to reports by Daily Graphic, he defunct uniBank had the highest number of defaulting customers, numbering 26,558, with a total debt of GH¢4.6 billion, while the Sovereign Bank had 298 customers owing GH¢136 million.
For the Royal Bank, 752 customers are being pursued to pay GH¢1.142 billion, while 14 customers of the Construction Bank are to pay GH¢625,000.
For the Beige Bank, 3,371 customers are to refund GH¢872 million.
The figures for the loans and advances are gross and do not include the stipulated interests.
Sources close to the receivers said for one of the failed banks, more than GH¢3.8 billion did not pass through the loan books but was captured through a special audit because it was distributed among the directors.
Special Investigative Team
A highly placed source with the SIT also told the Daily Graphic that a reasonable number of documents had been forwarded to the Attorney-General’s Department for advice and possible prosecution.
It explained that a lot of work had gone into the investigations, as all those suspected to have played diverse roles had to respond to individual queries raised by the receivers against them.
It explained that it was as a result of those issues that many people thought that nothing was being done, adding that "prosecutions will start soon, as reasonable cases have been established against those individuals".
It said the team was awaiting the appropriate charges to be preferred against them by the Attorney-General, with other related legal advice.
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