Former CEO of MASLOC, one other jailed 15 years

Former CEO of MASLOC, Sedinam Tamakloe, has been sentenced to 10 years in prison with hard labor, while the former Chief Operating Officer, Daniel Axim, has received a five-year sentence with hard labor.

They were both found guilty on 78 counts including causing financial loss to the state, stealing, conspiracy to steal, money laundering, and causing loss to public property, violating public procurement laws.

The trial began in 2019, with six witnesses called by the state.

Tamakloe was tried in absentia after she left the country for a medical checkup following court permission, while Axim testified in person but did not call any witnesses.

The charges revolve around misappropriating funds intended for MASLOC activities between 2013 and 2016.

One instance involved the withdrawal of GHc 500,000 as a loan for Obaatampa Savings and Loans company, with the convicts demanding a refund when the financial institution refused to comply with a 24% interest rate.

Despite evidence of the refund, it was not reflected in MASLOC’s accounts.

They were also found guilty of misappropriating over 1.7 million Ghana cedis meant for a sensitization exercise, with only a fraction spent for its intended purpose.

Similarly, funds meant for victims of a fire in Kantamanso were not fully disbursed, with the accused appropriating the remainder. The case also involved the purchase of vehicles and Samsung phones at prices higher than the market rates at the time, suggesting corruption in procurement practices.

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