Two persons who allegedly dishonestly appropriated GH₵1,007,509 cedis belonging to OLAM Ghana Limited have appeared before an Accra Circuit Court.

Sylvester Shamatey, a businessman, and Priscilla, a trader, are alleged to have used the proceeds of their activities to purchase four vehicles and a parcel of land and engaged in gambling (forex trading).

Charged with conspiracy to commit a crime, to wit, stealing, and money laundering, the accused persons have pleaded not guilty.

The court presided over by Mrs. Evelyn Asamoah admitted them to bail in the sum of GH₵500,000 each with two sureties.

One of each surety is to be justified with landed property. It said the value of the property should not be less than the amount involved.

Additionally, the court said the title deed of the properties must be duly stamped and registered.

Prosecution led by Assistant Superintendent of Police (ASP) Emmanuel Haligah said the complainant Leeford Grant is a sales manager of Nutrifoods (OLAM) Ghana Limited.

The prosecution said Sylvester was an employee of OLAM Ghana who worked at the Sales Department of the same company.

It said Sylvester established a business called Accomplished Trading Enterprise and handed it over to Priscilla to manage.

The prosecution said the accused persons took delivery of goods (biscuits) worth GH₵1,007,509 under the pretext of selling and returning the proceeds to the complainant but failed to do so.

The prosecutor said on April 11, 2023, the complainant petitioned the Director General of the Criminal Investigation Department (CID) of the Ghana Police Service that the accused persons sold products worth GHC1,007,509 but misappropriated the proceeds.

It said the accused persons were arrested and during investigations, it turned out that they had sold the products and misappropriated the proceeds of the sales.

The prosecution said the accused person used the proceeds of the sales to purchase land vehicles.

“Further investigations also revealed that Priscilla used a chunk of the money to engage in gambling thus forex trading.”

The prosecution said the four vehicles, Hyundai Tucson with registration number GT8556-22, VW Mini Van with registration number GN 2115-18, TATA Truck with registration number GC2982-10, and a MAN Diesel Truck with registration number GS1799-16 were retrieved and impounded.

It said the accused persons admitted having owed the complainant but that they were yet to reconcile their records to know the exact figure.

SOURCEgraphic online
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Ghana, Accra, Mankessim. Ishmael Awudi is a journalist and a media entrepreneur. He founded Ghana News Guide. GNG is an online news platform that focuses on news stories within Ghana and across the world on a regular basis. The primary objective of GNG is to ensure that news stories are reported as they are, with no filters applied. In its news coverage, GNG strives for professionalism.He also founded Wetour, a local tourism agency aimed at boosting the tourism space in Ghana with the youth at focus.Ishmael works with The Afriam Network as the head of business development. Afriam Network is a global company based in Ghana, Accra that offers a variety of services such as Customer Service, Debt Collection, Order Taking, Lead Generation, Customer Surveys, and Telesales. Ishmael holds a bachelor's degree from the Ghana Institute of Journalism. He won the best online media personality award in 2019 at level 300.He has contributed to several media houses in Ghana including.

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