The Agriculture Development Bank (ADB) has issued a statement debunking rumours that it paid monies to Member of Parliament for Efutu, Alexander Afenyo-Markin following his threat of legal action against their IPO sale.
The bank said claims that it paid $900,000 to the lawmaker are part of a calculated effort at tarnishing the reputation of the financial institution.
Rumours of some underhand dealing emerged last year following a leaked tape which had a voice purported to be that of the MP discussing an alleged settlement with the Agric bank over his threat to ise the court to stop the sale of the IPO. But the ADB says it is unthinkable for anyone to suggest that they will pay such a colossal amount over legal threats.
“…We wish to observe that the content are not only disturbing and shocking but appears to be a professionally tabulated pack of half-truths completely in synch with outright lies. More shocking is the information on the payment of $400,000 into the account of Mr. Alexander Afenyo Marking in South Africa and a further $500,000 into a sister’s account in the United States,” parts of the statement read.
It added: “There is also also a Cedi component of GHC25,000 allegedly paid to honourable Afenyo Marking in an act of extortion. Spurious as these allegations are, we cannot accept the fact that the Bank will misapply public funds in this reckless manner. A total of $900,000 being paid to one single person because there was a threat of court action against the bank’s IPO? These are calculated distractive acts intended to derail the IPO which has already seen enough upset”.