The Security and Exchange Commission (SEC) of the United States of America is about to commence investigations into the US$2.25 billion bond issuance by the Akufo Addo government in which Franklin Templeton, a US registered company purchased 95% of 15-year and 7-year bonds. This follows a successful filing of complaint with the US regulatory body by the NDC minority in parliament.
A statement released yesterday and signed by the Minority Leader, Hon. Haruna Iddrisu said the complaint, which was in fulfilment of the pledge the Minority made at their April 17, 2017 media encounter was filed with the Enforcement Division of the SEC in Washington DC on 1st May, 2017 by the Ranking Member on Parliament's Foreign Affairs Committee, Hon. Samuel Okudzeto Ablakwa on behalf of the Minority.
“The Minority also wishes to observe that, note has been taken of the interest shown in this matter by Ghana's Commission on Human Rights and Administrative Justice (CHRAJ) after receiving a petition from a private citizen and assures that the investigations being conducted by the United States regulatory body will not conflict nor undermine CHRAJ's investigation”, the statement said, adding further the minority is committed to cooperating in assisting with both investigations in any way in the supreme national interests of Ghana and the United States of America.
Below is the full text of the statement issued by the Minority on petition to the US SEC.
US$2.25 BILLION BOND SCANDAL - MINORITY SUCCESSFULLY PETITIONS SECURITIES AND EXCHANGE COMMISSION OF THE UNITED STATES OF AMERICA
The National Democratic Congress Minority in the Parliament of Ghana wishes to bring to the attention of the good people of Ghana that in fulfillment of the pledge we made at our April 17, 2017 media encounter and consistent with our constitutional and democratic mandate, we have successfully filed a complaint with the Securities and Exchange Commission (SEC) of the United States of America. This will lead to the commencement of investigations by the US regulatory body into the infamous US$2.25 billion bond issuance in which a US registered company - Franklin Templeton purchased 95% of 15-year and 7-year bonds.
The SEC will primarily be investigating suspected conflict of interest and insider trading which are violations of US law by the Hon. Trevor G. Trefgarne who is a Director of Franklin Templeton and a Board Chairman of Enterprise Group - a company owned and founded by the Finance Minister of Ghana, Hon. Ken Ofori Atta.
The Minority's complaint was filed with the Enforcement Division of the SEC in Washington DC on 1st May, 2017 by our Ranking Member on Parliament's Foreign Affairs Committee - Hon. Samuel Okudzeto Ablakwa on behalf of the Minority.
In a response, the SEC thanked the Minority for the fruitful engagement and provided a reference number for the case as: TCR1493656314549.
The Minority also wishes to observe that, note has been taken of the interest shown in this matter by Ghana's Commission on Human Rights and Administrative Justice (CHRAJ) after receiving a petition from a private citizen and assures that the investigations being conducted by the United States regulatory body will not conflict nor undermine CHRAJ's investigation.
The Minority takes this opportunity to re-emphasize our commitment and cooperation in assisting with both investigations in any way we can in the supreme national interests of Ghana and the United States of America.
Signed,
Hon. Haruna Iddrisu
(Minority Leader)
[15th May, 2017]
Source: Peacefmonline.com
Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority. |
Successful submitting a petition is nothing because so long as it is a writing piece on paper, addressed to an institution of USA, it would be stumped and marked received but for them to have the power to do what the petition is asking them to do is the matter.What the minority is missing is that they have forgotten that USA has her own interest in this kind of transaction as far as their citizen(s)is or are concerned and it would also not tarnish their image nor cost them financially. So we live to see the outcome of this so-called petition.
Haruna Idrisu what is wrong with you and you let me ask you who is going to vote to you to be came a president? Do you think we dont have man in Ghana and why you Mahama is far better than you An a strong NPP but after 50 years NPP is tired of ruling than I will vote for Mahama not you Iddrisu What is this anybody at all want to be president this position has became so cheep that any goat want to be president am done
let democracy works and stop the insult. NPP is not a party of nepotism but what do we see when they come into power. You can not cheat on US.
What ever it is, it is surprising that some people, instead of appreciating the action taken by Hon. Sam Okudjato and Hon. Haruna to ensure that Ghana and Ghanaians do not get cheated, rather have resorted to attacking them unjustly. It is a shame. After all, the Hon. MPs just want to make sure that the issuance of the $ 2.25 billions Government Bonds benefits Ghanaians.
@stuuuuuupidddd NDC MPs, @fooooooollllllssssss, @fokkkkin NDC @jimmi fuor NDC i know is one person writing all this, but let us put that aside. this is not Ghana issue, the company frankling templtin, is a US based company subjected to SEC rules and regulations..... 2.2 billion in 3 months, paying all their campaign debt at once
This scandal is worse than SADA. Only 3 months in office and already 2.25 billion is gone. Ghana is bleeding profusely. Nana Ado is failing the nation. Put party support aside and face the reality. The ***barred word*** in Ghana now is just too much.
haruna is just a biiiiig iddddiott p3p3nin
When Franklin Templeton bought Ghana debts under NDC you did not complain. As they are buying under NPP you are complaining, The US SEC has NO POWER over what happens in Ghana.
How did haruna and Ablakwa become ministers and MPs in Ghana whiles they go to US over something that is not an American issue.
Is Ghana Govt Treasury Bills under th US? NDC MPs are very very very stuuuuupidddddd.