Credible information available to Ghgossiponline indicates that, former Managing Director of the State Housing Company (SHC) in the erstwhile President John Dramani Mahama’s administration, Dr. Samuel Sarpong would face misappropriation of public funds he is alleged to have misappropriated during his tenure of office.
During the tenure of the former KMA’s Boss as Managing Director of the State Housing Company (SHC), he is alleged to have misappropriated public funds to the tune of GHC 10 million.
The former Ashanti Regional minister is alleged to have been involved in dubious deals that robbed the state of huge sums of revenue, running into millions of US dollars.
The deals, considered even as a tip of the iceberg, among other questionable transactions, involved the sale of four plush mansions at Labone, an affluent district of the capital, Accra, to his cronies at rates far below the begging price on the housing market.
The mansions valued at about US$ 600,000 each were sold for around GHC 300,000 to cronies of the top managers of the struggling state housing agency.
The former MD also allegedly masterminded the sale of over an acre of land at the Ring Way Estates valued over a million US dollars to his friend for a meagre GHC 400,000.
A credible source revealed that Dr. Samuel Sarpong’s account have been frozen by a court and he has been charged with negligence.
Government source say, he has also been reported to the American Embassy as a criminal who deal with drugs and has to go through tight search when travelling.
The docket to prosecute Dr. Samuel Sarpong has been forwarded to the Attorney General’s Department for study.
