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GAKPETOR GEORGE KOBLA & 29 ORS
V.
TSYOKPLO BRIGHT & 3 ORS

(2023) JELR 112045 (HC)

High Court 26 Jul 2023 Ghana
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- Thirty plaintiffs invested in the 4th defendant company (Unify Cedi Saver Micro-Finance Ltd) based on promises of high returns; their investments matured but were not repaid, and defendants later falsely claimed the company was in liquida

Case Details

Suit Number:E2/53/2015
Judges:CHARITY A. ASEM (MRS.), J
Counsel:MR RAYMOND AKPATSA FOR PLAINTIFFS MR KOKU AKUDE FOR DEFENDANTS
Location:Ho

JUDGMENT

The Plaintiffs numbering 30 individuals sued the Defendants for the following claims.

a)  Recovering of the sum of GH¢263,125.68 being investments made by the plaintiffs’ in the defendants’ business and the accrued interest.

b) Interest on the said sum of GH¢263,125.68 at the prevailing bank rate from the various dates of maturity of plaintiffs’ investment to date of find payment.

c) Cost including legal fees.

 The plaintiffs described themselves as businessmen and women, civil servants and artisans who have invested their monies into defendants’ company.

That, 1st and 2nd defendants are the directors of the 4th defendant’s Limited Liability Company. The 3rd defendant is the secretary to the 4th defendant’s company.

CASE OF THE PLAINTIFFS

It is plaintiffs case that sometime in June 2010 the defendants issue invitation to the general public as to prospects of participating in the 4th defendant’s company. According to plaintiffs, defendants promised various rates of interest on any amo…

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