General News of Wednesday, 20 August 2014
Source: Graphic Online
The Chief Executive Officer of Kessben Group of Companies, Kwabena Kesse, has been cleared of all charges of money laundering.
This follows a decision by the Attorney General and Minister of Justice not to continue with the case of money laundering against the Kumasi-based businessman.
Mr Kesse was arrested by the Bureau of National Investigations on Tuesday, July 29, 2014 together with three officials of the Stanbic Bank for allegedly facilitating an illegal transfer of $127,931,727.65 out of Ghana to dubious locations within a period of 14 months.
He was first arraigned in court on Thursday July 31, 2014, but the Presiding Judge, Mr Francis Obiri, dismissed an application for bail on the basis that, if granted bail, the accused person was likely to interfere with police investigations.
On Thursday, August 7, 2014, Mr Kesse was granted bail in the sum of Ghc350 million with four sureties, two to be justified.