Former CEO of MASLOC Sedina Tamakloe has been sentenced to 10 years in prison with hard labour while former Chief Operating Officer of MASLOc, Daniel Axim has also been jailed for five years with hard labour.
They were both found guilty on 78 counts of causing financial loss to the state, stealing, conspiracy to steal, money laundering, and causing loss to public property in contravention of public procurement law.
The offences for which the accused persons have been found guilty border on the appropriation of monies meant for MASLOc activities between the period of 2013 and 2016.
In one of the instances, the convicts were found to have withdrawn GHc 500,000 as a loan for Obaatampa Savings and Loans company but demanded a refund of the amount when the financial institution refused to yield a 24% percentage on the matter.
The duo were also found guilty of appropriating over 1.7 million Ghana cedis meant for a sensitization exercise
The case also involved the purchase of some vehicles for MASLOc where monies disbursed for the said purchase were more than the market price of the vehicles at the time and a similar situation with the purchase of some Samsung phones.
The evidence suggested that the amounts were higher than the prevailing market price at the time even though they were bought in bulk.
Source: CITI NEWSROOM
