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

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.

READ ALSO: Govt Announces Tuesday, July 20 As Public Holiday

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

THIS IS TRENDING:   Ghanaians React To Rumors Of Lockdown As Valentine Approaches After Information Ministry Released 23rd Presidential Address Flyer Today

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.

READ ALSO: 11,840 NABCO Personnel To Be Permanent Workers At Ministries, Police And Military Effective August 1

THIS IS TRENDING:   Bobrisky Sentenced to Six Months in Prison

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

About Media President

Check Also

Salifu Amoako’s Son Under Heavy Police Guard at Hospital Pending Arrest

Elrad Salifu Amoako, the son of renowned preacher Prophet Salifu Amoako, is currently under heavy …