Konadu Appears In Court

A former First Lady, Nana Konadu Agyemang Rawlings will today again appear before the Justice Koomson Court (High Court Commercial Division) to slug out a fierce legal battle with Dr. Albert Owusu Barnafo over disputed shares in the divested Ghana Rubber Estate Limited (GREL). Mrs. Rawlings and her partner, Mr. Appiah-Ampofo, as Plaintiffs, are seeking among others reliefs, a declaration to the effect that the 1st Defendant, Dr. Albert Owusu Barnafo, incidentally a Prosecution Witness in the GREL Divestiture Trial (from November 2001 to April 2005), �was only a BARE TRUSTEE of the 500 shares held by him (Barnafo) in the 3rd Defendant company (NEWGEN INVESTMENTS LTD.)�. They are also seeking a declaration that �the shares held by the 1st Defendant (Dr. Barnafo) have been validly transferred to the 2nd Plaintiff (Mrs. Rawlings)�. The court will continue to hear witnesses from the Plaintiffs with Counsel for theDefendants cross examining the witnesses. Meanwhile, The New Crusading Guide is closing in on details of HSBC banking records in the United Kingdom (UK). It would be recalled that, counsel for Nana Konadu, a couple of weeks ago, strongly disputed in court a publication by this paper which portions read that; Meanwhile, contrary to the denial of Mrs. Rawlings and Mr. Appiah-Ampofo that there are any investigations on-going into the affairs of NEWGEN INVESTMENTS LTD in the United Kingdom, the Special Monitoring Desk of The New Crusading GUIDE has sighted �HSBC Banking records and documentation/correspondence from the United Kingdom Financial Ombudsman Service (FOS) and the Serious Organised Crime Agency(SOCA) which clearly show that some investigations are underway following complaints lodged by Dr. Albert Owusu Barnafo and Albert A. Barnafo Jnr., son of the former who holds a Power of Attorney granted to him by NEWGEN INVESTMENTS LTD. Albert A. Barnafo Jnr. of EMC Investment Ltd., UK has been charged among other things, to undertake a comprehensive financial reconciliation and investigation into Newgen Investments Ltd. bank account number 61524259 with bank sort code 40-01-04 (the �HSBC Account�) established at, and held with, HSBC Bank, P/c, 60 Fenchurch Street, London, EC 3M4 BA, United Kingdom. It was in the course of the comprehensive financial reconciliation exercise that it was detected that a total amount of about �3.2 million could not be properly accounted for from the business current account number 61524259 in the period 19th September, 2008 through to April 2013�. Please stay tune as we bring you further and better particulars of the banking details in subsequent publications