Court orders sale of school, other properties to pay crypto victims - News Summed Up

Court orders sale of school, other properties to pay crypto victims


The amount is in garnisheed account of GCCH at the Ghana Commercial Bank (GCB). On 19th January, 2019 EOCO also went to secure a freezing order on the same account at the Accra High Court. The Koforidua High Court on 21st January, 2019 ordered GCB Bank to pay the customers an amount of Gh¢2.9 million which the bank accepted to comply. After the court heard both counsels for plaintiff and the GCB Bank, the final ruling from the Koforidua High Court Judge was an order to GCB Bank to release the funds within seven days. Meanwhile the Court has fixed 5th July for the final ruling on the contempt case against GCB Bank.


Source: GhanaWeb May 19, 2019 08:15 UTC



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