The Financial Intelligence Centre (FIC) has frozen all company accounts belonging to Bills Micro-Credit and Quick Credit and Investment Micro-Credit, along with the personal accounts of the CEO, Romeo-Richlove Kweku Seshie over money laundering allegations.
This comes a day after the personal accounts of the company's Founder, Richard Nii Armah Quaye were frozen.
The move, which took effect on March 21, 2025, was carried out under Section 56(1) of the Anti-Money Laundering Act, 2020 (Act 1044).
Sources indicate that the decision is part of an ongoing investigation, with further directives expected.
"You are hereby directed to immediately freeze all accounts concerning the above names," the FIC instructed in its notice to financial institutions.
This action follows an announcement by the Ghana Revenue Authority (GRA) on March 24, confirming that Richard Nii Armah Quaye is undergoing a personal income tax assessment related to unresolved tax obligations.
While details on the outstanding amount remain undisclosed, the assessment is part of routine regulatory efforts to ensure tax compliance.
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Comments
TOTAL CRUSADE AGAINST CORRUPTION AND GALAMSEY IS THE PRIORITY OF THE SOVREIGN PEOPLE OF GHANA ,BY HOOK OR CROOK: FREEZE ALL ASSETS OF SUSPECTED PEOPLE OR COMPANIES IN OR OUTSIDE MOTHERLAND followed by by PROSECUTION IN A NEWLY SPECIAL LAW COURT, PROMULGATED BY PARLIAMENT AND PRESIDENT OF THE REPUBBLIC .The immediate past government has criminally betrayed their POLITICAL IDEOLOGIES/ MANTRA : Law and Order, Propperty Owning Democracy etc .Horrible periods need Dractic Measures .Thanks. ...