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Business News of Monday, 17 October 2016

Source: Starrfmonline.com

Paid DKM customers disappointed

Some aggrieved customers of DKM Diamond Microfinance Limited (DKM) have expressed disappointment after receiving part payment of their locked-up investments after a moratorium was placed on the financial institution by the Bank of Ghana.

The Registrar-General’s Department under the Ministry of Justice was engaged by the BoG to handle the liquidation processes of DKM.

Upon completion of the liquidation, the official liquidator began paying the monies of some 350 customers on Monday, October 17 but most of the customers who received the monies, described the amount as an “insult”.

Spokesperson of the concerned customers, Maxwell Mahama said out of 93,000 affected customers, less than 40,000 customers are being paid.

"So if you deposited Gh?100.00 or Gh?200.00 you will be paid all the amount, whereas if you invested Gh?3000.00, Gh?4000.00 you will not be paid all...what kind of analysis is this," the furious leader quizzed.

Over 70,000 customers, according to reports, have been validated to receive their locked up cash, and two local banks have been contracted to make the payments.