The Security and Exchange Commission (SEC) of the United States of America is about to commence investigations into the US$2.25 billion bond issuance by the Akufo Addo government in which Franklin Templeton, a US registered company purchased 95% of 15-year and 7-year bonds. This follows a successful filing of complaint with the US regulatory body by the NDC minority in parliament.
A statement released yesterday and signed by the Minority Leader, Hon. Haruna Iddrisu said the complaint, which was in fulfilment of the pledge the Minority made at their April 17, 2017 media encounter was filed with the Enforcement Division of the SEC in Washington DC on 1st May, 2017 by the Ranking Member on Parliament's Foreign Affairs Committee, Hon. Samuel Okudzeto Ablakwa on behalf of the Minority.
“The Minority also wishes to observe that, note has been taken of the interest shown in this matter by Ghana's Commission on Human Rights and Administrative Justice (CHRAJ) after receiving a petition from a private citizen and assures that the investigations being conducted by the United States regulatory body will not conflict nor undermine CHRAJ's investigation”, the statement said, adding further the minority is committed to cooperating in assisting with both investigations in any way in the supreme national interests of Ghana and the United States of America.
Below is the full text of the statement issued by the Minority on petition to the US SEC.
US$2.25 BILLION BOND SCANDAL - MINORITY SUCCESSFULLY PETITIONS SECURITIES AND EXCHANGE COMMISSION OF THE UNITED STATES OF AMERICA
The National Democratic Congress Minority in the Parliament of Ghana wishes to bring to the attention of the good people of Ghana that in fulfillment of the pledge we made at our April 17, 2017 media encounter and consistent with our constitutional and democratic mandate, we have successfully filed a complaint with the Securities and Exchange Commission (SEC) of the United States of America. This will lead to the commencement of investigations by the US regulatory body into the infamous US$2.25 billion bond issuance in which a US registered company - Franklin Templeton purchased 95% of 15-year and 7-year bonds.
The SEC will primarily be investigating suspected conflict of interest and insider trading which are violations of US law by the Hon. Trevor G. Trefgarne who is a Director of Franklin Templeton and a Board Chairman of Enterprise Group - a company owned and founded by the Finance Minister of Ghana, Hon. Ken Ofori Atta.
The Minority's complaint was filed with the Enforcement Division of the SEC in Washington DC on 1st May, 2017 by our Ranking Member on Parliament's Foreign Affairs Committee - Hon. Samuel Okudzeto Ablakwa on behalf of the Minority.
In a response, the SEC thanked the Minority for the fruitful engagement and provided a reference number for the case as: TCR1493656314549.
The Minority also wishes to observe that, note has been taken of the interest shown in this matter by Ghana's Commission on Human Rights and Administrative Justice (CHRAJ) after receiving a petition from a private citizen and assures that the investigations being conducted by the United States regulatory body will not conflict nor undermine CHRAJ's investigation.
The Minority takes this opportunity to re-emphasize our commitment and cooperation in assisting with both investigations in any way we can in the supreme national interests of Ghana and the United States of America.
Signed,
Hon. Haruna Iddrisu
(Minority Leader)
[15th May, 2017]
Source: Peacefmonline.com
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NDC CAN GO TO HELL.............
I am another FO0OLISH individual working for NDC on media platform. Calling myself joe santum means I never write any wisdom because I'm an 1diot just like koliko, JONATHAN LAGOS, Otolio etc.
What did NDC do about SADA, GYEDA, AMERI, Wayome and Mahama-Kanazoe ford bribe? Fu.ulls parading themselves as opposition. Your party will remain in opposition forever. Some of you guys will be removed from parliament in the next election.
Ghanaians don't allow NDC in Gov anymore. They are ***barred word*** and wicked party if Ghana in their ***barred word*** and in the heart. Woyome is even walked free with that kind of naked robbery.
Good show minority. We hope you will work to redeem this country from this group of marauding ***barred word*** and tribal bigots
What an apology of a Minority leader. Surely you and your dumb ***barred word*** NDC MPS think the US SEC is far superior to our own CHRAG, Parliament, Bank of Ghana and all other state Institutions? You might as well plead with Trump to appoint an American Governor to oversee our parliament. When will the black man begin to believe in himself?
I think it is time the people of this country realised that the NDC does not work in their interest. They know for a fact that there is nothing untoward about this bond issue and they are also aware that the deal was far ,far better than what their cr00ks got for the country . Now what they are doing is only for its nuisance to the government and to try and scuttle the NPP so they would not be able to fulfil their agenda knowing very well that they have st0l3n all there is in the national kitty.These people are saboteurs and Ghanaians must see them as such and treat them as such These bastards know that if Nana is able to fulfil only a third of his programme they will be in opposition for a long,long time.Ghanaians must wise up.The independent prosecutor must be appointed now so we will see who st0l3 what.