SAMUEL YAO KAMASSAH & 13 ORS. vs. FINE FORT CAPITAL LTD & ANOR. [2023]DLHC17211

Date	2023-02-27
Suit No.	SUIT NO. CM/RPC/0506/2019
Citation No.	[2023]DLHC17211

HER LADYSHIP JUSTICE AKUA SARPOMAA AMOAH (MRS.)

ERIC SENYO PONGO

MICHAEL AKANBEK

[2023]DLHC17211
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													<main id="main" class="content" style="min-height: 60rem" >SAMUEL YAO KAMASSAH &amp; 13 ORS.<o:p></o:p>(PLAINTIFFS)<o:p></o:p>vs.<o:p></o:p>FINE FORT CAPITAL LTD &amp; ANOR.<o:p></o:p>(DEFENDANTS)<o:p></o:p>[HIGH
COURT, ACCRA]<o:p></o:p>&nbsp;<div style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom-width: 1.5pt; border-bottom-color: black; padding: 0cm 0cm 1pt; margin-left: 0cm; margin-right: 2pt;">

<a name="_heading=h.gjdgxs"></a>SUIT NO. CM/RPC/0506/2019&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;DATE: 27TH FEBRUARY,
2023<o:p></o:p>

</div>COUNSEL&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <o:p></o:p><div style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom-width: 1.5pt; border-bottom-color: black; padding: 0cm 0cm 1pt; margin-left: 0cm; margin-right: 2pt;">

ERIC SENYO PONGO FOR
PLAINTIFFS <o:p></o:p>

MICHAEL AKANBEK FOR
DEFENDANTS<o:p></o:p>

</div>CORAM<o:p></o:p>HER LADYSHIP JUSTICE AKUA
SARPOMAA AMOAH (MRS.)<o:p></o:p><div style="border-top-width: 1.5pt; border-top-color: black; border-left: none; border-bottom-width: 1.5pt; border-bottom-color: black; border-right: none; padding: 1pt 0cm; margin-left: 0cm; margin-right: 2pt;">

JUDGMENT<o:p></o:p>

</div>INTRODUCTION<o:p></o:p>On
the 11th
of March, 2019, the Plaintiffs herein sued out a writ against the
Defendants praying inter alia for:<o:p></o:p>&nbsp;a)<span style="font-style: normal; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: &quot;Times New Roman&quot;;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
An
order of this Honourable Court for the recovery of the sum of One Million Six Hundred and Thirty-One Thousand
Nine Hundred and Forty-Nine Ghana Cedis Thirty-Seven Pesewas (GH¢ 1,631,949.37)
from the Defendants jointly and severally, being the principal investment
and accrued interests on the investment made by the Plaintiffs up to February
2019.<o:p></o:p>b)<span style="font-style: normal; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: &quot;Times New Roman&quot;;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Costs
of the action.<o:p></o:p>&nbsp;PLAINTIFFS’ CASE<o:p></o:p>The case of the Plaintiffs
as disclosed by the Statement of
Claim is quite simple. It is this: The Plaintiffs, all resident in Accra
invested various sums in the 1st Defendant,
a company registered under the laws
of Ghana and said to be in the business of
Fund Management in Accra.<o:p></o:p>&nbsp;This was after Plaintiffs
came across an advertisement put out
by the 1st Defendant inviting members of the general
public to invest in its busin</main>