More Revelations In Subin Timbers Saga


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‘If we had found the missing part in the docket, everything would have been clear. We would have seen who had the greater percentage of shares in Subin Timbers,’ he said, adding that ‘the merger was around 1976 and the absolving of Ohene Kofi into Subin Timbers was in January 1977.’

When the commission pointed out to the witness that Subin Timbers of 1969 had no link with Subin Timbers of 1977, counsel argued that ‘Subin Timbers in 1969 was in Kumasi and had an offshoot in Takoradi right opposite St Mary’s Secondary School.’

‘The nexus is not there because Ohene Kofi’s documents at the Takoradi office and house were taken away by the rampaging military at the time.’

He added that ‘Mr. Fiorini had to flee the country and later relocated to Gabon and even invited Ohene Kofi to join him over there for a similar business, but he declined due to old age.’

He said Mr. Fiorini later asked Ohene Kofi to fight and get the company back if he could. He said Ohene Kofi subsequently initiated the process to get back the company at CHRAJ before he passed away along the line.

He said Ohene Kofi’s family won the case both at the High Court and the Court of Appeal when Dr. Ampaabeng who had bought Western Veneer and Lumber Company (WVLC) after a divestiture sued them.

Executive Secretary of Divestiture Implementation Committee (DIC), Asakkua Agambila, blew wide open the Subin Timbers case recently, when he asked the commission to revisit the matter because the beneficiary of the deconfiscation could not have been the owner of the company.

He had told the commission that there was an amalgamation of companies, including Subin Timbers Limited, into Western Veneer and Lumber Company (WVLC) after the confiscation in the 1980s, and that Ohene Kofi who claimed to be the owner of Subin Timbers should not have been given everything at WVCL.

‘What informed their decision that Subin Timbers, not being a sole proprietorship, belonged to one person? We at DIC don’t even believe that Ohene Kofi had any shares in Subin Timbers, and in any case, there were no shares to be deconfiscated,’ Mr. Agambila had argued.

By William Yaw Owusu

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