Wednesday, July 30th 2014
Director of the Kessben Group of Companies, Kwabena Kesse, has been arrested for alleged fraud and money laundry.
A confidential National Security document intercepted by myjoyonline.com accused him of using one of his firms, KESSBEN Shipping, Forwarding and Trading Ltd. (KSFTL), to facilitate the outward transfer of large volumes of foreign exchange to spurious and phony addresses.
From January, 2013 to February, 2014, Mr Kesse is said to have siphoned an amount of one hundred and twenty-seven million, nine hundred and thirty one thousand, seven hundred and twenty-seven dollars and sixty-five cents ($127,931,727.65) and transferred same to unknown foreign destinations, using fake documentation.
According to the intelligence report, the transactions were very frequent sometimes almost daily and involved Ghana’s hard earned dollars, thereby placing a huge burden on the cedi-dollar ratio.
In 2013 alone, the company is said to have transferred one hundred and twelve million…
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