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Ghana Charges Ex-Finance Minister After Collapse of Bank

  • Kwabena Duffuor faces counts of theft, money laundering
  • Duffuor also served as central bank chief, founder of Unibank
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Ghanaian prosecutors charged a former finance minister for alleged crimes that contributed to the collapse of one of the West African nation’s biggest local lenders during a banking crisis.

Kwabena Duffuor, who served as finance chief from 2009 to 2013, and seven other individuals were named in a filing Wednesday at the Accra High Court on counts that include theft and money laundering. Duffuor is accused of receiving 663.3 million cedis ($122 million) “knowing it had been obtained by means of a criminal offense,” among other charges, according to the court document.