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05.05.2019 Headlines

Ex-CEO Of Venture Capital GHc50m Gets Bail

By Staff Writer
Ex-CEO Of Venture Capital GHc50m Gets Bail

An Accra High court has granted bail to former CEO of Venture Capital Trust fund (VCTF), Daniel Duku, together with five other persons who were charged for causing financial loss of 42.8 million cedis to the state.

The former CEO was granted a bail of 50 million Ghana cedis with 3 sureties.

The second accused person, a former MP for Keta and member of the board of trustees of the Venture Capital Trust fund, Richard Lassey Agbenyefia and the 6th accused, Charity Opoku who was an accountant with the VCTF were granted bail of 30 million cedis with 3 sureties.

The fourth accused person, Kofi Sarpong who was an investment officer with the company, was granted bail of 40 million cedis with three sureties.

The third and fifth accused persons, Irene Anti-Mensah and Frank Aboagye Mensah were each granted bail of 20 million cedis with 2 sureties.

The case has been adjourned to May 24, 2019.