Former President John Kufuor and his family have been known as among a long list of world leaders who kept top-secret bank accounts over a Panamanian law firm.
The firm, Mossack Fonseca, is at the center of vast data leak revealing the financial secrets of many of the world’s selected. The seep out documents, known now as the Panama Papers, references the eldest son of former President Kufuor – John Addo Kufuor as the chief operational in an organization controlling 1000 of dollars with his mother, Kufuor as one of the known recipients.
According to the statement, in early 2001, just after the start of his father’s 1st presidential term, Kufuor employed Mossack Fonseca to achieve The Excel 2000 Trust. After that year, it exact a bank account in Panama worth $75,000.
In November 2010, a worker of Mossack Fonseca’s submission office in the British Virgin Islands recommended to colleagues that “due to the actual frequency of corruption surrounding Mr. Kufuor we would not indorse us taking him on as a customer or ongoing business with him.”
It has also been discovered that companies being worked by young Kufuor became lazy in 2004 and 2007, together times when Ghana was organizing for elections.
In 2012, Kufuor Jnr. inquired Mossack Fonseca to near the trust. Files also related Kufuor with BVI companies Fordiant Ltd and Stamford International Investments Group Limited. Both were recorded when Kufuor’s father was president of Ghana and converted inactive in 2004 and 2007.
Mr. Kufuor did not reply to repeated requests for comment when investigators talk to him.
Throughout 2005, local media in Ghana described allegations that the former president gained beneficial government contracts, and private sector business contracts through parental connections. An official commission later found no indication of wrongdoing.