‘Let’s watch the PDS fraud well before it’…Lawyer

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Private legal practitioner, Eliklpim
Lorlormanoy Agemava, has posited that the issues surrounding the Power
Distribution Services (PDS) brouhaha are another divestiture of state asset.

In a
piece titled, ‘’The Fraud on ECG and the People of Ghana’, the lawyer who once
expressed interest in contesting the NDC presidential race said business owners
have found ways to ‘’ride on already established
market shares, landed properties, infrastructure built over decades and the
human resource capital already established by the state to establish their
fraudulent business models.’’

The lawyer in his piece noted that ‘’one thing is certain; that PDS has
not invested in the training of all the engineers and other staff they came to
meet at ECG. We ask, how much are they paying for the human resource capital?
Salaries cannot be part of such cost because the workers give value to the
company every month and the salaries paid are the price of such balance given
and received.’’

He is, therefore, asking for answers on the amount of money invested by
PDS before assets of the Electricity Company of Ghana (ECG) were handed over to
them.

Meanwhile, lawyers of PDS Minkah-Premo & Co. have denied media publications that their client, PDS, was suspended by government from carrying out its retail sale of electricity in the country on the basis of misinformation and misrepresentation of facts.

The Financial Intelligence Centre (FIC) has frozen the bank accounts of Power Distribution Services (PDS) following the detection of anomalies in the bank guarantee it provided prior to the takeover of the assets of the Electricity Company of Ghana (ECG).

According to the Minister of Information, Mr Kojo Oppong Nkrumah, the accounts were frozen prior to the issuance of an official government statement last Tuesday on the suspension of PDS.


Read below his full piece

THE FRAUD ON ECG AND THE PEOPLE OF GHANA

The so called ECG operational turn around is just a divestiture of
another state asset. As is almost always the case the so called investors ride,
yes they ride on already established market shares, landed properties,
infrastructure built over decades and the human resource capital already
established by the state to establish their fraudulent business models.

One thing is certain, that PDS has not invested in the training of all
the engineers and other staff they came to meet at ECG. We ask, how much are
they paying for the human resource capital? Salaries cannot be part of such
cost because the workers give value to the company every month and the salaries
paid are the price of such balance given and received.

What amount has PDS paid for the taking over of the capital assets of ECG? Above all is the total market share of Ghana power industry that has been handed to these people on a silver platter. Can anybody tell me the cost of building such a market share if PDS were to be a start up just like all the thousands of struggling Ghanaian businesses? We are able to make GHANA better and we must show that we have our thinking caps on!
#LetsWatchIt.

By: Rashid Obodai Provencal

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