The Standard Chartered Bank of Ghana has been sued at the Commercial Division of the Accra High Court, over an alleged One million Euro theft.
According to the suit sighted by The Republic, an amount of €1,000,000 was lodged into Account No. 8700 2312 92600 at the Abeka branch of Standard Chartered Bank. The Account belongs to Five Star Mining Company Limited who is the Plaintiff in the matter.
We chanced upon a letter from the Economic and Organised Crime Office (EOCO) referenced EOCO/CD/INTEL/054/v.6/38, indicating that it has de-frozen the said accounts of the Mining Company at Standard Chartered Bank of Ghana after an investigation which started in 2012.
The letter written in December 2016 was subsequently sent to the Standard Chartered Bank of Ghana and circulated to relevant institutions notifying them about the de-frozen account of Five Star Mining Company Limited.
However, management of Standard Chartered Bank of Ghana continues to hold the account of the Plaintiff under lock till date, irrespective of the order from EOCO. Several efforts by the Plaintiff to get the Bank to allow it access to the account has proved futile.
The Five Star Mining Company Limited, is therefore praying the High Court to order the Standard Chartered Bank of Ghana to pay the principal amount of €1m with interest at the prevailing commercial bank rate from December 29, 2016 to date.
Additionally, the Plaintiff is demanding damages for breach of trust, Costs and restrain on the Defendant Company, its assigns, agents and others from causing further delay.
Source: therepublicnewsonline.com/Delali Awuyeh