- A Spintex factory owner also owned a collapsed bank.
- The factory was used for money laundering, including a $3M fake consultancy.
- During the banking cleanup, it was shielded from asset recovery.
- Ghana‘s bank asset recovery failed, unlike in the US and UK.
- Powerful individuals pressured the Attorney General to halt prosecutions.
- ORAL‘s success is in question if bank asset recovery fails.
- The factory was leased to a key industrialist for major production.
- Recently, offshore-linked individuals seized the factory.
- The offshore creditor might be a front to hide assets.
- The new government must stay alert to prevent economic sabotage.
Read more at: https://x.com/BBSimons/status/1891565330637418710?t=MU4nYy0QQSwhl3OH_N8jkw&s=19
So what?
It’s like watching an old villain return for a sequel, same tricks, just a different scene.