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Woyome & Bro. Took My GH245,450Ray Smith Tells Prez Mills (Part 3)
 
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04-Jun-2012  
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Alfred Woyome
 
 
 
The 10-page confidential document attached to a secret letter and sent to President J.E.A. Mills, dated December 19, 2011 which was intercepted...

...by The Special Investigations Team (SIT) of The New Crusading GUIDE, contains a damning allegation against Alfred Woyome and his brother, Kobby Woyome who is the Member of Parliament for South Tongu in the Volta Region.

Ray Smith revealed to President Mills that he became paralyzed in the left leg and was rushed home to Austria for treatment leaving the management of the business in the hands of the Woyomes.

They both assured me that I can 100% rely on them what a sarcasm, he wrote.

Following my return at the end of February 2008 I, began to work through my company accounts and found a gross discrepancy in cash assets. I called on Focal Intelligence to investigate the matter and it was revealed that both, Alfred Woyome and his brother Kobby had removed monies from m-Powapak without my knowledge and consent but clearly in collusion with our book-keeper, Eugine Gbemu who had manipulated the records until I discovered this, Mr. revealed in his letter.

Alfred Woyome was faced with the evidence. To settle matters amicably and to cover his family interests, he stated that he would take responsibility to replace all missing cash assets. This was in April/May 2008. These assets were later determined to be, after forensic audit, a total of GH245,450. (At this time the exchange rate to the USD was 1:1), he explained further to President Mills.

The letter also cast doubt about the competence of Kobby Woyome to be a Legislator and how his brother was bent on helping him realize his ambition so that he (Alfred Woyome) could get a lot of power through the position of his brother (Kobby Woyome).

Mr. Smith also revealed to President Mills that Alfred Woyome told us constantly that he had everything under control. He had his people in the National Security, BNI, CID, the Police, etc.


Stay tuned for the concluding part next Monday.


*11. At some point in time (2007 ?)Mr. Woyome informed us that his brother, Kobby was contesting the Parliamentary seat for South Tongu. This we could barely believe since, in our private opinion Kobby Woyome was entirely unsuitable to run as an M.P. Alfred Woyome answered he could get a lot of power through the position of his brother. A lot of cash was needed and listening to rumors many unpleasant things happened during the campaign.

*12. On October 26, 2007 Ray Smith became paralyzed in the left leg and I was rushed home to Austria for treatment. Alfred and Kobby both were present to wish good bye. I asked them to please look that everything goes well in the company and have an eye on the employees as I could not arrange all matters as I usually do before we go on leave.

They both assured me that I can 100% rely on them what a sarcasm

I had to stay in Austria for four months and I needed my wife to take care of me. During our absence I received weekly financial reports, sales reports, etc.

Following my return end of February 2008 I began to work through my company accounts and found a gross discrepancy in cash assets.

I called on Focal Intelligence to investigate the matter and it was revealed that both, Alfred Woyome and his brother Kobby had removed monies from m-Powapak without my knowledge and consent but clearly in collusion with our book-keeper, Eugine Gbemu who had manipulated the records until I discovered this.
 





With 500 600 customers and a high daily cash turn-over it had been impossible to clearly detect anomalies on a daily basis.

*13. Alfred Woyome was faced with the evidence. To settle matters amicably and to cover his family interests he stated that he would take responsibility to replace all missing cash assets. This was in April/May 2008. These assets were later determined to be, after forensic audit, a total of GH245,450. (At this time the exchange rate to the USD was 1:1)

*14. After repeated promises of repayment via his lawyer it is now only in 2011 (!) that the debt has been recovered. No interest has been paid or loss of earnings that m-Powapak suffered.

In the year 2007 Mr. Kobby Woyome had taken money from my company 56 times. I could identify 56 cheques which were placed to cover the cash-removals but because the book-keeper had not taken any records it could not be proven if all cash-removals had been paid back. I had no knowledge or given my consent for those removals of cash from my company. With Kobby Woyome, I had no close relation other than a business relation in respect of clearing containers for our company from the harbour.

*15. A consequence of this theft is as follows.

*(a) Due to repeated promises of repayment the accounts of m-Powapak Ltd. for 2008 were not completed, could not be.

*(b) If completed, the IRS would have investigated the reported shortfall and the facts would have had to be made known.

*(c) With continued non-payment all subsequent years of m-Powapaks annual accounts have not been submitted, due to carry-over.

*(d) Any revelation of the facts would have led to serious repercussions for both Woyomes and, especially perhaps, brought unacceptable embarrassment to the Party as Alfred and Kobby Woyome are known party members.

*(e) I could not do any business as I had to make sure that the remaining cash at Bank be invested so that I could continue to keep the nucleus of staff and keep the company at float. i.e. pay overheads, etc. Everything came to a halt as from April 2008.

During the year 2009 I lost GH5,000 per month in interest because of non-payment of the removed money. After that the interest rates went down and in 2010 I had to start using the capital of the company because Mr. Woyome was not prepared to pay back his debts.

It is only now in November 2011 that the missing funds have been returned after our lawyer, Mr. Tony Lithur informed the lawyer of Mr. Woyome that the case will now be presented to Court. But that still leaves m-Powapak exposed to serious IRS penalties. Mr. Woyome must be held responsible for these.

The top and bottom of the matter is that Alfred Woyome, Kobby Woyome and m-Powapaks book-keeper were collectively involved in criminal activity.

One of the reasons why we were reluctant to take the matter to Court earlier was another aspect. Alfred Woyome told us constantly that he had everything under control. He had his people in the National Security, BNI, CID, the Police, etc.

As we had already made the experience that an Expatriate has very little chance to win a court case of this kind we thought it a waste of time and more money to take the matter to Court. Until Tony Lithur convinced us that this would be the only chance to ever get the missing money from Woyome.

Mr. Woyome tried to explain the reason why he removed the money as follows:

*He was appointed as Alternative Director and had the right to take money from the company.

* Mr. Woyome was appointed in 2003/04 during our absence as Alternate Director with no executive powers. As soon as the Directors return to their company, the position ends. Mr. Woyome was certainly aware of the laws of the Companys Code.

As another reason he mentioned that he used the money to protect us. He could never explain from what or of whom he had to protect us and certainly this is a fabricated story as there was no reason for such payments in our name. At least he had the responsibility to inform us should there have been any problem regarding our company as he was in Austria as our guest in February 2008 (!).

Whilst Mr. Woyome presented himself as a very generous honourable Gentleman who facilitated football fans the return flight back to Ghana who were stranded in South Africa and the Moslems who wanted to visit Mecca the air fare to participate in the Hajj celebration he still owed our company and ourselves the money.

*16. RED BULL TOGO:

In 2004 our company received then a binding contract as the sole distributor ofRed Bull in Ghana. Before it was a license to distribute the product. Such alicense was also issued for Togo as we had occasionally sold our product tocustomers in Togo and had started marketing there.

Mr.Woyome showed interest to do the distribution in Togo. A condition was that m-Powapak Togo had to be registered as the license was issued for this company.

Unfortunately, there was always a problem with payment of containers which had to be done in advance of delivery. Mostly I paid his supply from our private account in Austria and after pressure Mr. Woyome would transfer various amounts on irregular basis. We even put up a Bank Guarantee for the deliveries to Togo asRed Bull H.Q. was not prepared to do business without a guarantee.

In October 2006 our license for Togo was cancelled as sales in this country were not satisfactory and marketing procedures were not done according to Red Bull rules. Despite our request to give Togo another chance we had lost the distribution rights. From that time, it must be since 2005, there is still an open amount of Euro 60,000 which Mr. Woyome has not paid back to us.
 
 
Source: Special Investigations Team (SIT)/New Crusading Guide/Ghana
 
 

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