EOCO recovers over GHC99 million from fraudsters
Michael Hammond|July. 11, 2019
- The Economic and Organised Crime Office (EOCO) has recovered GH¢99,165,369.29 from various people who attempted to divert state funds
- The money was retrieved between 2014 and March 2019, and includes monies lost to a number state institutions.
- The institutions include Ghana Revenue Authority, National Petroleum Authority, BOST, Ghana Tourism Authority, MASLOC, Scholarship Secretariat, and the Controller and Accountant General’s Department.
The Economic and Organized Crime Office (EOCO) has recovered over GHC99 million from fraudsters made up of various people who attempted to divert state funds, YEN.com.gh has learnt.
The amount is composed of recoveries and other proceeds of crimes such as default taxes, royalties, unearned salaries, recovery from defrauding by false pretences, stealing and money laundering.
The GH¢99,165,369.29 was retrieved between 2014 and March 2019 and represents resources which otherwise would have been lost to state institutions like Ghana Revenue Authority, National Petroleum Authority, BOST, Ghana Tourism Authority, MASLOC, Scholarship Secretariat, and the Controller and Accountant General’s Department.
According to a Dailyguidenetwork.com report, 102 cases investigated by EOCO were prosecuted, with accused persons in four of the cases being discharged while 12 convictions were secured.
Touching on new initiatives of the organization in fighting organized crimes, EOCO revealed it reached out to other groups to collaborate in the fight against economic and organized crimes as well as educate the public through its awareness programmes on prohibited cyber activities.
In other news, the former chairperson of the Electoral Commission (EC), Charlotte Kesson-Smith Osei, has come under attack from the founder and flagbearer of the Ghana Freedom Party (GFP), Akua Donkor.
According to Donkor, Osei was a huge mistake that should have been avoided during the course of the 2016 election.
Donkor added that Osei’s appointment as head of the electoral commission prior to the 2016 election "brought nothing but confusion to the state".