Corruption is driving away investors from Ghana – US Investor

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The Chief Executive Officer of US-licensed gold buying firm Green Global Resources lashed out at the inability of the nation’s security forces to investigate a $1.3m gold scam his company was duped in.

James Barbieri, whose company is at the centre of the gold scandal, said he has little reason to trust the police since they are yet to put in any substantial effort into the case.

Speaking to Starr Business after a media briefing Tuesday, Mr. Barbieri alleged the police are involved in a cover-up, increasing his fear to expand investment in the West African country.

Duped: Mr Barbieri shares his frustrations

Earlier this year, five police officers with the East Legon District Police Commander, DSP Emmanuel Basintale inclusive were arrested in connection with a number of alleged fraudulent gold deals that run into several millions of Ghana cedis.

DSP Basintale, who is currently on suspension, is alleged to have led a group of officers to defraud Green Global Resources Company Limited under the pretext of selling 13 gold bars to the company.

The frustrated CEO, Mr Barbieri said, “It really appears everybody was knowledgeable and nobody wants to address this situation. Right now we are out of significant amount of money and we don’t have confidence that this is a safe environment to operate.”

The American investor believes the police have not done enough mainly because some superior officers are allegedly impeding the process to protect themselves from implication.

“In this situation, a lot of senior police officials and some other junior ranking officials, some including BNI officers, were allegedly protecting the scammers. Unfortunately the country of Ghana is the real loser here because your security services are apparently corrupt and cheat potential investors and drive this potential investor away by protecting the scammers and these police corrupt officials.”

Mr Barbieri finally made a frantic plea to the President of the Republic, the Inspector General of Police and the Director General of the CID to call on the relevant authorities to retrieve his gold bars for him.

“It must be stated categorically that, the 13 boxes of gold that was confiscated have still not been returned to Green Global Resources Ltd. and we believe it is in the possession of the Police Service. We are therefore calling on the President of the Republic of Ghana, Nana Addo Dankwa Akufo-Addo; Mr. David Asante Apeatu, Inspector General of Police and Mr. Bright Oduro, Director-General of the CID, to act on the information provided above to act upon to retrieve our money or the bars of gold are given to us,” he said.

 

Source: starrfmonline