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The police have told Daily Guide that Collins Akomea Kankam, District Manager of Federated Commodity Company, a licensed cocoa buying company based at Sefwi Wiawso in the Western Region has embezzled GH?564,847 meant for purchasing cocoa beans.

Business24

The complaint, Joseph Debrah Minkah, Operations Manager, told police that the company issued the sum of GH?5,492,290 to Kankam to purchased dried cocoa beans during the main cocoa season of 2011/2012 and 2012/2013.

He added that during a random audit inspection, the District Manager could not account for GH?564,847.00 and dried cocoa beans to that value had not been supplied to the company.

The Operations Manager therefore lodged a complaint with the police who arrested Kankam, the suspect, on May 2.

The police gave the assurance that the suspect would be put before court after investigations.

Source-Daily Guide

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