[ 2014-12-20 ]

Two SIC top directors arrested over GHC3.8m theft
Two Directors of the State Insurance Company
(SIC), have been detained by the police for
allegedly stealing huge sums of money from the
state insurer.

Information available to Joy News indicates that
one of the officials in police custody is Deputy
Managing Director in charge of Finance and Ken
Acolatse Administration, Musa Abdulai.

The name of the other official has been given as
Mr. Ken Acolatse who is the Head of Finance and
Accounting.

The two are being investigated for allegedly
embezzling $1.1 million and GHC700,000.

Joy News’ Michaela Anderson who has been
following the arrest at the CID Headquarters in
Accra, reports that the two spent Thursday night
in the Nima police cell.

Even though they were initially taken to the CID
Headquarters, they could not pass the night there
because there was no space for them, Michaela
gathered.

The two have however been returned to the Police
CID headquarters for further questioning.

Other officials of the company believed to have
been involved in the alleged stealing are being
sought by the police.

Source - Joy News

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