BOST Board Chair Has Never Committed Fraud - Solicitors Threaten Legal Action
KAA Law, Solicitors for Dr. Kwame Acheampong-Kyei, Board Chairman of BOST, have rubbished publications circulating in the media principally seeking to create the wrong impression that their client engaged himself in some illegality with respect to the acquisition of banking licence for the erstwhile Sovereign Bank.
According to the statement sighted by Peacefmonline.com, Dr. Kwame Acheampong-Kyei resigned from the board of Sovereign Bank earlier this year when it came to his notice that certain improprieties had taken place in the affairs of the Bank without his knowledge, and he has never had anything to do with the Bank again since then.
"We wish to emphatically state for the record and without any equivocation that nowhere in the Bank of Ghana's press release was it stated that Dr Kwame Acheampong-Kyei committed any fraud for the brief period he was associated with Sovereign Bank," the statement read.
The Solicitors said they deem the said publications and circulation as mere fabrications, albeit provocative, aimed at tarnishing the hard earned impeccable reputation of Dr. Kwame Acheampong-Kyei.
"It is therefore unfortunate that attempts are being made to soil his reputation purely out of mischief and bad faith," a portion of the statement read.
KAA Law while setting the records straight, also state that they would not hesitate to take the necessary steps, including recourse to legal action to protect the image of their client against any person or group of persons, who may persist in spewing falsehood against Dr. Kwame Acheampong-Kyei.
Last week Wednesday, the Bank of Ghana (BoG) announced the merging of five banks to form Consolidated Bank Ghana Limited.
The beleaguered banks are: UniBank Ghana Limited, The Royal Bank Limited, Beige Bank Limited, Sovereign Bank Limited, and Construction Bank Limited.
Read below the full statement:
DR. KWAME ACHEAMPONG-KYEI HAS NEVER COMMITTED FRAUD
We act as Solicitors for Dr. Kwame Acheampong-Kyei of Accra and our attention has been drawn to some negative publications in a section of the media with various captions including: “The Board Chairman of BOST Must Be Sacked Immediately For Committing Fraud”.
The said publications and circulation principally seek to create the wrong impression that Dr. Kwame Acheampong-Kyei engaged himself in some illegality with respect to the acquisition of banking license for the erstwhile sovereign bank.
We are concerned, and even enraged about the deliberate peddling of blatant falsehood against Dr. Kwame Acheampong-kyei, a highly regarded entrepreneur extraordinaire, especially so since these wrong publications could have been avoided by simply crosschecking the facts form the Bank of Ghana.
We wish to emphatically state for the record and without any equivocation that nowhere in the Bank of Ghana of Ghana’s press release was it stated that Dr. Kwame Acheampong-Kyei committed any fraud for the brief period he was associated with sovereign Bank.
We deem the said publications and circulation as mere fabrications, albeit provocative, aimed at tarnishing the hard earned impeccable reputation of Dr. Kwame Acheampong-Kyei.
Ordinarily, we would have treated such vile concoctions published by some hired media houses, whose avowed aim is to dent the reputation of Dr. Kwame Acheampong-Kyei, with the contempt they deserve, and ignored same. However, we feel compelled to respond to these falsehood for the sake of correcting the record for the discerning reading public who may be confused by the falsehood in the media.
Needless to say, Dr. Kwame Acheampong-Kyei is an unassuming man who, by dint of hard work, guarding integrity and an admirable business acumen, has become one of the few Ghanaians, who have succeeded in building a truly Ghanaian brand of international standard. He is an award winning businessman highly regarded among his peers, and his character and reputation are approved and validated both locally and internationally.
In keeping with his values, Dr. Kwame Acheampong-Kyei resigned from the Board Sovereign Bank early this year when it came to his notice that certain improprieties had taken place in the affairs of the Bank without his knowledge, and he has never had anything to do with the Bank again since then. It is therefore unfortunate that attempts are being made to soil his reputation purely out of mischief and bad faith.
While setting eh record straight, we also wish to state that we would not hesitate to take the necessary steps, including recourse to legal action to protect the image of our client against any person or group of person, who may persist in spewing falsehood against Dr. Kwame Acheampong-Kyei.
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