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EOCO Thrown Out Of Court —-ordered to pay Ghc3,000 cost to crypto victims

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Attempts by the Economic and Organized Crime Office (EOCO) to frustrate victims of the Global Coin Community Help (GCCH), has hit a snafu.

This time around, the Koforidua Commercial Court 1 has thrown out an Application for Joinder in a contempt case victims of the company filed against GCB.

Victims of the crypto currency scam filed a contempt case against GCB for failing to honour an order from the Koforidua High Court for them to release an amount of 3.7million Ghana cedis to pay the victims.

But according to EOCO, they and GCB have not done anything to suffer any liability with the continuous preservation of the GCB account of the accused company.

The High Court-Koforidua on Monday, 27th May, 2019, struck out the EOCO in their request to be joined to a Contempt filed against GCB Bank.

Costumers of the defunct company, GCCH, who secured a judgment against the company as early as 10th December, 2018 froze the company’s account with GCB Bank and also garnished the same account when the court ordered GCB Bank on 21st January, 2019 to release the sum of GHC3.7m to the victims. The said amount in the company’s account constitutes just a quarter fraction of the total sums of the customers.

Several attempts by the customers and their lawyer to get GCB release the said money failed.

A contempt was then filed against GCB Bank on the 22nd February, 2019 for determination. Meanwhile, EOCO also rushed to secure a freezing order on the same account on 18th January, 2019 at the Accra High Court a month after the customers already froze the account. Before the commencement of the contempt hearing, EOCO on 7th March, 2019 went to file a joinder application on the contempt before the Koforidua Court to be joined to the process.

On two separate occasions, EOCO never appeared in court to move their own motion which compelled the presiding Judge to strike them out and asked the lawyers for both customers and GCB Bank to file the submissions for the final ruling.

Just after the Orders of the presiding Judge to both sides, EOCO resurfaced in court to relist their earlier struck out motion for the joinder which was granted and moved on 20th May, 2019.

After the presiding Judge heard both lawyers for EOCO- Charles W. Ofori and the customers-Abigail Ofori Appiah (Mrs), she gave her ruling on Monday 27th Mag, 2019.

In the ruling, the judge cited C.I.47 order 5 as grounds upon which the Application brought by EOCO to be joined to the contempt against GCB was struck out.


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