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Good News Hits Groupe Nduom After Gold Coast Securities Wins GH¢174m Judgment

The Commercial Division of an Accra High Court On Thursday 15, July 2021, presided over by Justice Shiela Minta ordered Health Network Company (Healthnet) to pay GH¢174 million to the Ghana Growth Fund Company/Gold Coast Advisors, a Groupe Nduom Company.

The High Court also awarded a cost of GH¢50,000 to the lawyer of the Plaintiffs.

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This is the first of a number of court cases pending before the law courts, that were initiated by Groupe Nduom companies.

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They involve private sector companies, government agencies and regulators.

Groupe Nduom in a statement said it believes that when all is said and done, the allegations of wrongdoing made against specific Groupe Nduom companies and shareholders will be put to rest.

This particular suit, it explained, was started by Writ of Summons and Statement of Claim issued at the Registry of High Court, Accra, Commercial Division dated 11th October 2019.

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After failed attempts to get all the four defendants to be served in the ordinary manner prescribed by the Court rules, an application was brought before the court for substituted service to enable the plaintiff to serve the defendants by substitution which application was granted.

Source: Ghanaarticles.com

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