Administrator granted bail over dishonoured cheques

An administrator standing trial for issuing a false cheque to the Tiger Microfinance Limited, a financial service provider, for the repayment of a loan amount of GH¢60,000.00 was granted bail by the Accra Circuit Court last Tuesday.

The accused, Francis Wilmot, alias Bonzoh, pleaded not guilty to three charges of issuance of false cheques and was granted bail in the sum of GH¢50,000.00 with three sureties.

He is to reappear on May 28, 2015.

Court 

The court, presided over by Mr Aboagye Tandoh, stated that Bonzoh issued three different post-dated cheques with different bank names and was aware that he had inadequate funds in the accounts to pay for the amount specified on the cheques.

The Prosecutor, Inspector Michael Jubiok, told the court that the complainant was the Managing Director of Tiger Microfinance Limited at Osu in Accra while the accused person was an administrator and also lived at Cantonment, a suburb of Accra.

In November 2013, he said the accused took a loan of GH¢60,000.00 from the said company and issued three post-dated cheques to cover repayment.

On the days of maturity, the complainant presented the cheques to the various banks but they were all dishonoured.

The complainant then lodged a complaint which led to the arrest of the accused person.

Prosecution said the accused person was granted a police enquiry bail to negotiate with the complainant but Bonzoh failed to show up.

A bond was later served on his surety and Bonzoh was produced.