Ningo Prampram lawmaker, Sam Nartey George, says he will consider writing to the Office of the Special Prosecutor to launch a full-scale probe into money laundering ongoing in the real estate business in Ghana.
He said the real estate developers indulging in such acts must be brought to book.
Sam George alleged on JoyNews that the real estate sector in the country is a front for money laundering hence calling on the authorities and government to keep an eye on the industry.
This infuriated the Ghana Real Estate Developers Association (GREDA) to issue a statement and describe the assertion of Sam George as unguarded and irresponsible, adding that it is unfortunate for the MP to make sake claims without any shred of evidence.
GREDA called on George to retract and apologize for the comment within the next 7 days or they consider seeking redress from the court.
Speaking on Good Morning Ghana on Metro TV on Thursday. July 27, 2023, Sam George called GREDA’s bluff.
“If they want a fight I’m going to write to the Office of the Special Prosecutor to open an investigation into the operations GREDA and its members. The Executive Council must better be careful and members of GREDA must be warned their executives,” he threatened.
The Ningo Prampram MP said there are shreds of evidence some real estate developers in Ghana are into money laundering, citing the former GREDA President Dr. Alex Tweneboah who was jailed over a SIM Box fraud activity.
“If some real estate developers do not engage in money laundering, the 17-year-old girl who stole Cecilia Dapaah’s money and went and bought a house and paid in cash (80,000 or 70,000 dollars), a proper real estate agent, a developer who was doing due diligence will do KYC [Know Your Customer (Client) KYC is the mandatory process of identifying and verifying the client’s identity when purchasing a house and periodically over time],” Sam George said to buttress his point.
“A 17-year-old cannot and should not be paying 80,000 dollars in cash,” he added.
