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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hahahahahaha NDC paaa
as Kweku Baako has said they are going to internationalized they INCOMPETENCE. they think they are still in the campaign mode, by the time they wake up from their slumber Ghana is on the pedestal. the should keep on dreaming. hahahahaaaaa.
The minority can't hide their frustration of not being in charge. Fumbling over non issues. You better save time by sending a petition to heaven then you'd have appealed to the highest authority and your smoothness level will be visible to all like your comfortable lead tag!
Hon. Dominic Ayine (Dr.)and Hon. Isaac Adongo why dont you people file a whistleblower complaint with the regulator in Luxembourg against Hon. Samuel Okudzeto Ablakwa for losing his 100 million cash at the car wash. Ist this bond a missing money?”
NDC cr!m!nal gang at its best of f0000lisshnesss. What are they trying to achieve? They must organise a press conference to tell us about the bribe Avedzi and co took from National lotteries. We will find out how many of them will still be in parliament after 2020 elections. Most of the greedy th.ifs will loose their seats.
NDC has a PHD in stu...p..idi.ty. Now the whole world will know what a ***barred word*** party you are!!!
MAY ALL MEMBERS OF THE NDC BE INCOMPETENT FOREVER.AMEN.
Lack of ideas. They know only one thing: LOOOTING
WHAT WILL THIS ACHIEVE? YOU ARE NOT ONLY WASTING YOUR TIME, YOU ARE ALSO MAKING YOURSELVES LOOK FUUUULISH, STUUUUPID, AND INEFFECTUAL ALL OVER THE WORLD. YOU SHOULD HAVE MADE SURE MAHAMA DID THE RIGHT THING WHEN YOU WERE IN POWER. ALL THE THINGS YOU ARE DOING NOW IS JUST ***barred word*** AND PATHETIC.
OH ABLAKWAH AND THE NDC.LOOK AT YOUR FACES LOOKING SO STU""""PID..YOU ***barred word*** MAN..DO YOU THINK THE WHITE PEOPLE ie EUROPEANS AND USA WILL REPORT THEIR AUTHORITIES TO AFRICAN AUTHORITY-HOW REALLY ST""UP"ID YOUR FACES LOOK LIKE..YOU LOCAL MEN. WISE UP INDEED..NDC YOU ARE SO MUCH FRUSTRATED --RANTING LIKE M"A"D DOGS. NDC WILL REMAIN IN OPPOSITION FOREVER