President Nana Addo Dankwa Akufo-Addo Leaders of about 831 victims of a crypto currency investment scam have called on President Akufo-Addo and the Chief Justice, Sophia Akuffo to call the Economic and Organized Crime Office (EOCO) to order for frustrating their efforts to retrieve some GH¢3.7 million from the account of the defunct financial company – Global Coin Community Help (GCCH) lodged at the Ghana Commercial Bank in a judgement delivered in their favour by a Koforidua High Court.
The amount is in garnisheed account of GCCH at the Ghana Commercial Bank (GCB).
The amount represents just a minute fraction of over GH¢15 million the plaintiffs prayed the Koforidua Court to recoup from the company to pay for their lost deposits at GCCH.
The victims include personnel in the security services, nurses, business women, traders among others.
Chronology of events and EOCO legal drama
In September, 2018 Global Coin Community Help (GCCH) abruptly closed down its offices in Accra, Koforidua and Nsawam without any notice to its over hundred -thousand customers.
A panic action which was taken after the Bank of Ghana issued strong warning to unlicensed deposit taking institutions to stop operating. Customers of the crypto currency firm sensing danger of their lost investments, dashed in groups to petition EOCO to assist them retrieve their locked up investments.
The victims were advised by EOCO to take legal action against the company upon which separate civil suits were filed at the Koforidua High Court against the GCCH company and its CEO, Kweku Damete Kumi on the 20th and 23rd November, 2018.
On December, 2018 and January, 2019 the plaintiffs secured two separate judgements in absentia as defendant failed to make appearance in court.
Before the judgement, the Court granted the victims an Interlocutory Injunction order on the account of the company at GCB Bank on the10th of December, 2018.
Ten days to the expiration of the freezing order, the court granted an additional freezing order which preserved the account till determination of the matter.On 19th January, 2019 EOCO also went to secure a freezing order on the same account at the Accra High Court.The Koforidua High Court on 21st January, 2019 ordered GCB Bank to pay the customers an amount of Gh¢2.9 million which the bank accepted to comply.However on February 4, 2019, GCB Bank returned to court through a motion to inform the court about their challenge in complying with the payment order and asked for further directions […]
