A court has jailed two persons for 40 years for laundering GH₵4,552,582.13. John Cobbina, an accounts officer of J Adom Construction Limited, and Eugene Amoako Mensah, Relationship Manager of the Sunyani branch of Zenith Bank, were convicted for stealing the money, which belonged to J Adom Construction Limited.
The facts of the case is that sometime in 2012, the Chief Executive Officer of J Adom realised that some of his workers had dishonestly appropriated various sums of money belonging to the company.
He caused the arrest of the staff involved.
In the cause of investigations, it came to light that some officers of the company, including John Cobbina, had also stolen some belongings of the company.
The complainant engaged a private audit firm to audit the company’s account and the results disclosed that John Cobbina had embezzled an amount of GH₵4,552,582.13 between 2005 and 2012.
The CEO demanded explanation from John Cobbina but he could not provide answers.
The matter was reported to the police.
It came to light that Eugene Amoako Mensah, Relationship Manager of the Sunyani branch of Zenith Bank, aided John Cobbina to steal the money by diverting monies to be deposited into the company’s account into the private account of John Cobbina.
Investigations further revealed John Cobbina used the money to acquire properties such as 10 building plots - seven in Sunyani and three in Techiman – and three fully furnished houses - two at Techiman and one in Sunyani
He also acquired a Mercedes Benz car with registration number GW 2282W, a Hyundai Santafe with registration number AS 1642-12, and a Toyota Matrix saloon car. He also acquired a cosmetic shop at Techiman, an artificial hair shop, as well as a hardware shop at Fiapre.
He has also registered a civil engineering company called COBBYVET Ghana Limited.
Source: The Finder
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