[ 2015-11-21 ]

DKM Update: Court to hear case after granting bail to two executives
A district court in Sunyani is expected to
continue with a case brought before it by some
customers of DKM microfinance seeking the court to
order the company to pay them their locked up
monies.

Two executives of DKM, the CEO, Martin Delle and a
General Manager, Richard Xavi were on Tuesday
granted bail after being remanded last Friday.

They were released after fulfilling the bail
requirement of GH¢100,000 with two sureties.

Today’s hearing will determine the next line of
action of both the management and the affected
customers.

This case notwithstanding, another district court
has ordered that the management of DKM furnishes
it with financial statements and all documents in
the name of the company following a case brought
before it by another group of aggrieved
customers.

The head of communications of DKM, Ransford
Agyeman in an earlier interview with Citi Business
News was optimistic of moves by the company to pay
all monies it owed customers although he could not
provide specific timelines.

“Any organization goes through internal
operational difficulties and it is our operational
mandate to manage this crisis effectively so that
we can able to handle our clients well in other
words for them to have access to their monies so
presumably things as required of them,” he
said.

One of the affected customers of the Sunyani
branch of the bank, Peter Kontunatey who has about
GH¢40,000 locked up in the bank tells Citi
Business News how the development is affecting a
loan facility he contracted.

“It has greatly affected me because the purpose
for which I deposited the money, have not yielded
any result. So I am rather paying money to the
bank I have not benefitted from; every month they
deduct from my salary including the interest so
I’d rather need it to go and give it to the bank
and be free,” he lamented.

Meanwhile the Governor of the bank of Ghana, Dr.
Henry Kofi Wampah says the Central Bank is working
around the clock to ensure DKM Microfinance
Company pay customers their initial deposits as
was directed earlier.

“DKM and the others we are working on, we have
also been doing a lot of education and we will
improve on that because the only way you can deal
with this is through education. A lot of people
are ignorant about this. I hope you do not put
your money into a microfinance institutions which
is giving about 30% interest per month which is
unsustainable. Let me say also that part of those
who are actually engaged in these are also full of
greed and it is also greedy if you believe that
you will get that kind of interest from such
people.” Dr. Wampah said.

Source - Citifmonline

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