Manager jailed 15 years for squandering company’s funds on betting

  A mother broke into uncontrollable tears at the Hohoe Circuit Court last Wednesday when her son, a 31-year-old fuel station supervisor, wa...

 


A mother broke into uncontrollable tears at the Hohoe Circuit Court last Wednesday when her son, a 31-year-old fuel station supervisor, was handed a 15-year jail term for stealing.

Yussif Abubakar, a former worker of the Hohoe branch of Star Oil Company was sentenced for stealing GH¢139,118 belonging to his employer.

His mother, seemingly broken by the development, needed physical support as she made her way out of the courtroom wailing.

Abubakar was charged with stealing about two years ago.

He pleaded not guilty but was found guilty by the court after the full trial.

The trial judge, Mr Yaw Opoku Acheampong, in a 30-minute sentence said he would have sentenced him to 20 years imprisonment but the convict, throughout the trial showed remorse for his action.

Abubakar, whose lawyer was not present in court when judgment was pronounced, was also ordered to pay back the money to the company.

He is said to have used the money for sports betting but did not win any of the bets to enable him to repay the money he took from the company’s coffers.

Facts

Presenting the facts of the case, the prosecution indicated that the convict was employed at Star Oil Company in Hohoe on November 17, 2012, as a washing bay manager and a pump attendant before rising through the ranks to become a branch supervisor for the same company on March 3, 2018.

According to the prosecution, on November 19, 2019, Abubakar was asked by the company’s Relationship Officer, Mr. Setor Alorwu, to produce receipts of payment of sales made from November 11, 2019, to November 19, 2019, but he failed to do so.

This raised suspicion of discrepancies in his accounts at the company.

A report was then lodged at the Hohoe Police Station on November 19, 2019, which led to Abubakar’s detention.

An audit was subsequently conducted into the company’s accounts which revealed that proceeds from sales to the tune of GH¢139,118 made from November 8-19, 2019, were missing from the sales records.

Abubakar, when questioned on the whereabouts of the money, admitted his inability to deposit the money into the company’s account and said he used the money for sports betting.


Source: Graphiconline.com

Name

Business,21,Education,13,entertainment,30,event,5,foreign news,132,gossips,14,News,295,Politics,23,religion,56,sports,32,Video,8,Zongo,41,
ltr
item
Zongo Link Multimedia: Manager jailed 15 years for squandering company’s funds on betting
Manager jailed 15 years for squandering company’s funds on betting
https://1.bp.blogspot.com/-wAgLEUU3H8M/YHgmyGagvoI/AAAAAAAAQyY/tTZ05aKrpiQgrjfBKn4MucP3ejZVdSbqACLcBGAsYHQ/w400-h293/3F530C5C-D879-43AE-80C0-F3E61D5F7D4F.jpeg
https://1.bp.blogspot.com/-wAgLEUU3H8M/YHgmyGagvoI/AAAAAAAAQyY/tTZ05aKrpiQgrjfBKn4MucP3ejZVdSbqACLcBGAsYHQ/s72-w400-c-h293/3F530C5C-D879-43AE-80C0-F3E61D5F7D4F.jpeg
Zongo Link Multimedia
https://www.zongolinkmultimedia.com/2021/04/manager-jailed-15-years-for-squandering.html
https://www.zongolinkmultimedia.com/
https://www.zongolinkmultimedia.com/
https://www.zongolinkmultimedia.com/2021/04/manager-jailed-15-years-for-squandering.html
true
8117865796886022374
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy