[ 2014-10-31 ]

Chief Godfred Medicine has been arrested by the police

US tilapia boss arrested
The Executive Chairman of Unique Shepherd (US)
Group of Companies, popularly referred to as US
Tilapia, Chief Godfred Medicine has been picked up
by the Ashanti Regional Police Command.

The police picked him up Thursday night in Accra
following a warrant for his arrest issued by the
Kumasi High Court. He has since been transferred
to Kumasi and expected to be arraigned in court
today (Friday).

Confirming the arrest, the Ashanti Regional Police
Public Relations Officer, ASP Yusif Mohammed Tanko
said some people had sued Mr Medicine in a civil
case.

According to ASP Tanko, since Mr Medicine failed
to appear, the court issued an absconding warrant
so the police escorted court bailiffs to pick him
up.

He said there was no criminal case against Mr
Medicine but a civil one.

Background

The US Group of Companies Limited, a
Ghanaian–owned company had embarked on a massive
publicised tilapia business investment on the
Volta Lake. They invited investments into the
breeding of tilapia with the promise of handsome
returns.

The project received massive patronage from many
investors from various parts of Ghana but many of
them have not been able to recoup returns on their
investments as advertised.

As a result they instituted a civil action against
the company claiming that their investments were
going down the drain since US Group of Companies
had failed to pay them their agreed profit which
ranged from various sums some of which were
between GH¢120,000 and GH¢60,000.

Some of the investors claim they invested
thousands of cedis over the last two years and
were due to enjoy their profit by now but some
cheques the company issued to them all bounced at
the counter.

After several futile attempts to cash their money
at the bank, the worried investors resorted to the
court action.

Source - Daily Graphic

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