The Minority in Parliament has petitioned the Commission de Surveillance de Secteur Financier (CSSF) of Luxembourg to look into the purchase of a $2.25 billion bond reportedly by a firm from the European country.
According to the Minority, its investigations have revealed that Franklin Templeton, which bought majority of the 15-year and 7-year bonds, used a subsidiary Luxembourgian company to do so.
At a press conference in Accra on Wednesday, Minority Leader Haruna Iddrisu said “to satisfy additional jurisdictional issues, based on this revelation, a group of Minority MPs comprising Hon. Dominic Ayine (Dr.), Hon. Samuel Okudzeto Ablakwa and Hon. Isaac Adongo have filed a whistleblower complaint with the regulator in Luxembourg”. This brings to two external petitions filed by the Minority over the controversial bonds. On May 16, 2017, the Minority announced that its Ranking Member on the Foreign Affairs Committee, Mr Ablakwa, had filed a petition – 15 days earlier – at the Enforcement Division of United States of America’s Security and Exchange Commission (SEC). The Commission early last month appointed a case manager, Jennifer Carr, to adjudicate hearing. The Minority is accusing the Minister of Finance and Economic Planning, Ken Ofori-Atta, of conflict of interest in the issuance and purchase of the bond.
It says Franklin Templeton’s manager, Trevor Trefgarne, is a board member of Enterprise Group owned by the Minister. Mr Ofori-Atta has time and again justified the deal, adducing that no wrongdoing was committed in the sale. The Minority gave an assurance to “the nation that we would continue to cooperate with ongoing international investigations to the best of our abilities and with all good intentions in the supreme interest of Ghana”.
Source: 3news.com
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These filings will not get anywhere and its better these ***barred word*** be voted out during the next election, they are Okudzeto, Suhuyini and (Plagiarized Haruna Idrrisu) and Sam George. These ***barred word*** are not living up to expectation and they have to be voted out.
Hahahahahaha....lol. They will send one to the planet Mars p3333333333....lol. Just mark it on the wall today. The very next news will be they have sent a petition to Mars....lol. Comfortable lead is working beautifully...hahahahaha.
Sometimes its easier to laugh over idioots. Your beloved ndc spent my money to go on road shows to get a lower coupon rate and never materialized. Thank God Ghanaians taught through and got rid of these nation wreckers . What a shamreful act What are we waiting for why not give them the 3 Northern regions and their beloved Volta and ask all those Npp supporters to come down
NDC hahahaha what happen to the USA petition ?? Even in opposition they are INCOMPETENT. surly Ndc will stay long in opposition with this behaver
I have always maintained that the NDC is vile and evil but this?.They see the new administrations financial management as a threat because if all these monies come in and the NPP is able to fulfil even a third of its promises they are sunk. These hyenas don't love this country. All they care about is to come back to power so they can continue from where they left off. St3aling big time.There is God who watches over his people and they will fail.Demons from the deepest pit in hell.
With is kind of petition all over the place this people will surly be in opposition for long paaa.
THE NDC IS IN LIMBO. THEY ARE SCARRED OF REMAINING IN OPPOSITION FOREVER. INDEED, THEY WILL STAY IN OPPOSITION FOREVER AND EVER BECAUSE THE CASH WILL FLOW FOR THE DEVELOPMENT OF OUR ECONOMY, BUILDING THE ROTTEN RAILWAY, FACTORIES, SCHOOLS, AND INDEED THE ENTIRE INFRASTRUCTURE OF GHANA WHICH WILL LEAVE THE NDC FOREVER IN OPPOSITION. THAT IS WHY THEY ARE GOING HEAVEN AND EARTH TO OPPOSE THE MOVE. THEY ARE ENEMIES OF STATE. SHAME UNTO THEM.
next day, we will hear a petition to Jesus Christ. Hahahahahahahh, wat a waste opposition. They jx want to block investor confidence in the economy. nothing more nothing less
Good move. Ghana cannot be taken for granted now. If u give a tone, sing to it. DR. DR. BORROWMIA. SING TO YOUR TONE
This is what idle brains can do. What happen to the petition they filed with US security exchange commission?