Two Insurance Men Remanded for Theft

An Accra Circuit Tribunal on Tuesday remanded in prison custody two employees of the Metropolitan Insurance Company Limited for allegedly stealing 64.524 million cedis from the company's account at the Ecobank Ghana Limited.

Hope Kwasi Nanevie, a chartered insurer and Augustine Kobina Appiah, an

accountant who pleaded not guilty to conspiracy and stealing will appear again on October 17.

Police Inspector Joseph Hemeng told the tribunal chaired by Mr. Mohanmmed Nabon that on March 7, 1997, the company entered into an agreement with the General Leasing and Finance Company Limited to purchase a Volvo S70 GLE Saloon car valued at 64.524 million cedis.

On March 19, 1997, Nanevie and Appiah, who were aware of the agreement jointly signed the company's cheque and withdrew the money meant for the purchase of the car from its account but did not send the money to Multi Choice Tech Services, the supplier of the car.

He said the accused persons managed to cover the deal until the account of the company was audited this year.

Inspector Hemeng said during police investigations, the accused persons admitted signing the cheque but could not account for the money.