Emmanuel Katto, a well known Ugandan Criminal has been paid $80m by Ghana Government since July 2007 using the name of his new fraudulent company, Transdanubia Ltd, which owns Trans Tema Power Ltd.

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In order to avoid a repeat of what happened recently to the Ghana Government in the TICO Expansion Project, a case in which Ghana Government is still contemplating court proceedings, the Minister of Energy & President Kufuor should explain why they have paid this notorious Ugandan Criminal, Emmanuel Katto and his company Transdanubia Power Ltd which owns Trans Tema Power Ltd, over $80m since June 2007.

Full details of all payments made & the agreements with this Ugandan fraudster should be made available to the Ghanaian nation if indeed there is nothing to hide & if no government official is involved in any corruption.

This is an extract from pages 10 & 11 of Minister of Energy's speech to Parliament last year, on June 6th,2007.

• TICO Expansion Project
“Mr. Speaker, it is a fact that if the TICO expansion were undertaken, we would have an additional 110 MW through the combined cycle mechanism. However, the Government did not consider the cost presented by our then partners as acceptable. Simply put, we did not think it wise to pay US$110 million for 220 MW and now have to pay US$215 million for only 110MW. The delay resulted from our search for acceptable financing to carry out this expansion. We were also of the view that we would be paying for a project that would raise the value of the asset only for it to be sold at a premium by our partners. Today, we are vindicated as our partners did not regard even the sovereignty of our country when they sold their stake to TAQA, an Abu Dhabi company without offering us the first right of refusal. The matter has been taken up seriously and every effort would be made to ensure that we are not only treated fairly but that we would get our due share and still get additional generation capacity from the venture. As I speak, Mr Speaker, there are plans to even expand this to 1,000 MW” ..

What is to prevent this notorious criminal, Emmanuel Katto from dissipating all the proceeds from the IPP project & or even selling off the entire project, SPV's to anybody & running away from Ghana? He is Ugandan & has no roots or interests in Ghana. He is definately transferring all monies from the project out of Ghana with the help of some prominent Ghanaians. His partner Roberto Yacobi is a well known Spanish Hungarian criminal.

They are very familiar with U.A.E. just as in the TICO case, & Emmanuel Katto even has a business card with company addresses in UAE. Katto claimed he has offices in UAE just as in the TICO case.
The main reason for demanding full disclosure is because some very disturbing information has recently come to light which alleges that Emmanuel Katto had defrauded the Ugandan Government in a helicopter arms deal of $12m & also defrauded the Kenyan Government in a similar Junk Russian Helicopter arms deal of $60m using the same method of financing as he was initially proposing for the power project in Ghana, promissory notes..

The Ghana Government has given him payment guarantees by way of an L/C for $20m every 3months since July 2007, meaning Katto has received at least $80m, but probably more, from the Ghanaian Government since July 2007.

If you put the name Emmanuel Katto in Google, you will find these reports, “Military Copters Condemned by S.African Firm”, then there is, “Kenya Police Buys Junk Russian Choppers”, then there is “Sebutinde Takes Tough Look to Sierra Leone”, and there is also, “The Arms Fixers”. All these articles are reports of Katto's dealings which involve Government guarantees, promissory notes being encashed & goods, services not being rendered by Katto.

Emmanuel Katto appears to be capable of many things such as the above so the Ghanaian public need to know full details of the nature & scope of any & all dealings with this Ugandan Criminal.
All payments made to date must be made public, together with all agreements for public scrutiny. The Ghanaian people deserve to know all the full facts immediately, before Katto absconds after encashing the Ghanaian Ministry of Energy's payment guarantees secretly given to him by Government officials without the Ghanaian public being aware, as he has done several times before in Uganda & Kenya.

The outrageous claims on Katto's website, www.transdanubiapower.com clearly indicate they are positioning themselves for an IPO or sale of some sort

Interestingly, when you put the name of Katto's Spanish partner, (a substantial shareholder of Transdanubia Ltd, Isle of Man), Roberto Yacobi in Google, you find an article, “Roberto Yacobi accused of defrauding the state close to 2,000 million pesetas” ( approx. $17m).

Roberto Yacobi has an extensive criminal background & history equalled only by that of Emmanuel Katto.

These are the people the Ghanaian Government has paid well over $80m since July 2007.

Mysteriously & in consonance with Katto's modus operandi, the file containing company records of Trans Tema Ltd, have disappeared from the Registrar Generals office in Accra – the Police & Special Branch's serious fraud squad should investigate this & publicly confirm to Ghanaians who the promoters & shareholders of this company are. Thankfully, the computerised records exist for all to see.

The searches at Companies house in Isle of Man revealed 2 companies with the same name, both registered & owned by Katto to perpetrate this massive fraud & deceive Ghanaians & now Nigerians - Transdanubia Ltd, (registered on 27.04.07) & Transdanubia Power Ltd, (registered on 10.09.07), both owned by Katto, but with different shareholders to assist him in his masterplan of deception.
President Kufuor & the Minister of Energy must make public all details of transactions with Emmanuel Katto if they have nothing to hide.

If they don't, they run the risk of being exposed or at the very least being implicated in the secret payment of $80m of Ghana's money to Katto.