FIC Launches Probe into McDan Group Over Money Laundering Allegations

Apr 24, 2025 - 16:28

Daniel McKorley is the Executive Chairman of the McDan Group

Accra, Ghana - 24 April, 2025 - Ghana's Financial Intelligence Centre (FIC) has launched a probe into the McDan Group, a prominent business conglomerate, over allegations of money laundering.

According to sources, the FIC has requested key documents and information from the company to assess potential illicit financial activity.

Daniel McKorley, Executive Chairman of the McDan Group, has confirmed receipt of the FIC's notice to Joy News and has assured that the company is cooperating with the investigation.

According to McKorley, the company has instructed its accountants and lawyers to respond to the inquiry, and a statement on the matter is expected to be issued shortly.

The investigation aims to determine whether any funds managed by the McDan Group were involved in illicit financial transactions.

Source: Lead News Online