[ 2017-04-24 ]

Ibrahim Mahama a brother of former President John Mahama.

GRA to confiscate Mahama’s assets over Gh¢10m debt
The Ghana Revenue Authority (GRA) has served
notice it will confiscate the properties of
Ibrahim Mahama – a brother of former President
John Mahama – in two weeks if he fails to settle
a Gh¢ 10,409, 492.86 million debt.

Mr. Mahama has been given a two-week ultimatum to
defray the debt or risk having his goods
confiscated and auctioned for the State to recover
the amount. He is to make the payment by Monday,
May 8, 2017.

He has been a guest of anti-graft agency the
Economic and Organised Crime Office (EOCO) since
last week for purportedly issuing in 2015, 44
post-dated cheques to the Customs Division, being
duties for imports of equipment, but turned out to
be dud cheques.

His company MBG Ltd. located in Tema – the
harbor city of Ghana – which deals in the sale
and rental of heavy duty vehicles and spare parts
and one other Holman Brothers have been at the
centre of the scandal.

According to Assistant Commissioner for
Communication of GRA, Robert Mensah, the
businessman had a settlement arrangement with the
tax collection outfit since December 2016, but
failed to honour that pact from February 2017.

Mr. Mensah said the Authority got alarmed when the
cheques were taken to the banks only to be told
that the “accounts were closed.”

“An agreement was made to pay Gh¢800, 000 per
month… payment made so far falls short of that
commitment. Within the next two weeks the two
companies should make good all the indebtedness of
Gh¢10, 409, 492.86 million,” he added.

The Commissioner told Accra-based Joy FM that
should Mr. Mahama fail to honour his part of the
bargain his properties will be auctioned “to
redeem our revenue.”

Source - Starrfmonline.com

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