Ex-Masloc boss granted GHS5m bail
The Financial and Economic Court division of the Accra High Court presided over by Justice Afia Serwa Asare-Botwe has admitted the embattled former Chief Executive Officer of the Microfinance and Small Loans Centre (MASLOC), Sedina Ationu Tamakloe and the current Head of Operations of the institution to bail after pleading not guilty to 80 counts preferred against them for willfully causing financial loss to the state and stealing, among others.
Ms Tamakloe is to satisfy a bail condition of GHS5 million with two sureties whereas the second accused person, Daniel Axim, is to satisfy a bail condition of GHS1 million with one surety.
According to the court, the two are to ensure that the sureties are persons in good standing without any criminal records or standing trial for any offence.
The court ordered the prosecution team to furnish the defence team with all relevant documents they intend relying on in prosecuting the case so as to expedite the trial.
The charges were preferred against the two after investigations by the Economic and Organised Crime Office (EOCO) into alleged fraudulent disbursement of MASLOC funds during the Mahama administration.
Source: Class
