Posted on: www.dailyguideghana.com
By
William Yaw Owusu
Wednesday, August 6, 2014
The Commission of Enquiry investigating
the payment of judgement debts yesterday heard how a certain Daniel Kofi Adobor
attempted to get back once vibrant Subin Timers Limited which was confiscated by
the government in the heat of the revolution in 1982.
His bid to get back the company, even
though it did not belong to him, was said to have been facilitated by the
Attorney General’s (AG) Department.
Dometi Kofi Sorkpor, counsel for the
commission briefed journalists at the commission’s sitting in Accra yesterday
after Asakkua Agambire, Executive Secretary of Divestiture Implementation
Committee (DIC) had asked for more time to enable the committee supply
documents on the aborted transaction.
According to Mr. Sorkpor, Subin Timers
Limited was situated at Apowa in the Western Region with concessions in
Senkyire at Fosu and in 2000 thereabout, Daniel Kofi Adobor appeared before the
National Reconciliation Commission (NRC) and claimed that one Kofi Adobor who
the owner of the company was his adopted father.
“He had claimed that Kofi Adobor owned
Subin Timbers and before the father passed on he had entered into some form of
partnership with an Italian called Ivor Fiorini,” he said.
Counsel further said “Daniel Kofi Adobor
had claimed Ivor owed 49% shares in the company and the rest belonging to his
father,” adding “He claimed the Italian took a loan facility of 35 million
Deutsche Marks to purchase certain machinery for the enhancement of the
company.”
“Daniel Kofi Adobor’s appearance before
the NRC was to impress on the commission to turn over the company to him. The
AG decided to compensate this man who to all intend and purposes wasn’t
the actual owner. Even if the father was
the actual owner, he was not the adopted son of the said person.”
He said “the AG decided to compensate
him with ¢5billion but having visited the site, he decided to rather get the
company de confiscated into his name. The AG and the DIC made some attempt to
do the de confiscation for him but it did not materialize in the course of the
years that followed.”
He said that the government actually
took over fully and turned Subin Timers Company together with Central Logging
and Sawmailing Company which had also been confiscated, into Western Timbers.
He said “the AG’s Department had a role
to play because they to some extent assisted this gentleman Daniel Kofi Adobor
in his bid to take over the company.”
A representative of the Ministry of
Finance and Economic Planning (MoFEP) who was to produce certain documents used
in transferring 10million DM into a Swiss account for Construction Pioneers
(CP) could not make an appearance.
According to Mr. Sorkpor, the ministry
was also required to produce the transfers and exemplary statement of account.
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