GRi in Court Ghana 17 - 11 - 2000
Pyram Director on
340 million-cedis bail
Pyram Director on
340 million-cedis bail
Accra (Greater Accra) 17 November
2000
Tanko Abudulrahman Shardow,
Managing Director of Pyram, a defunct savings and loans company, was on
Thursday granted 340 million cedis bail by a circuit tribunal in Accra, to
reappear on November 18.
Shardow, charged with defrauding
under false pretences, is accused of absconding with hundreds of millions of
cedis belonging to unsuspecting depositors.
Superintendent Elizabeth Allandu
told the tribunal chaired by Mr Mohammed Nabon that, since Shardow was arrested
on November 1, about 35 cases have been reported against him. The least amount involved in these cases is
six million cedis.
Superintendent Allandu said the
accused also defrauded Mr Haruna Rashid Abdulai, his business partner, of 280
million cedis.
She said in 1995, the Bank of
Ghana (BOG) ordered the closure of Pyram because it had not registered with
BOG.
Following demonstrations by Pyram
customers against the closure, the government asked the company to operate
while it regularised its activities, the prosecutor added.
Unable to pay his depositors,
Shardow went into hiding for about five years, Superintendent Allandu said.
The police arrested him on
November 1 when Mr Abdulai spotted Shardow in Tema and informed the police.
GRi…/
Accra (Greater Accra) 17 November 2000
An Accra Circuit Tribunal on Thursday remanded in prison custody five persons charged with conspiracy and robbery. The five are: Ibrahim Gariba, 21, an apprentice; Enoch Kofi, 18, student; Abubakari Ali, 18, mechanic; Ali Shaibu Jara, 26, a secretary; and Emmanuel Abrokwa, 28, driver.
Their plea was not taken and they are to appear again on November 23.
Prosecuting, Police Superintendent Elizabeth Allandu told the tribunal presided by Mr Mohammed Nabon that on November 4, a gang of eight (including the five accused), entered a pharmacy owned by Mr. Ebenezer Osagyefo Bediako at Achimota, Accra armed with locally manufactured pistols, knives and a cutlass.
With Gariba as leader, they robbed the sales girl at gunpoint, stealing three mobile phones and three million cedis in cash. They also took 220,000 cedis from a shop customer.
As the gang sped away in a waiting taxi, some "Good Samaritans" gave them a chase and stopped them. Five members of the gang escaped and police arrested three.
Police investigations led to the arrest of two other accomplices, leaving three still at large.
GRi…/