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Ghana News

Banker Faces Court Over Alleged $152,400 Fraud Case

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A former staff of one of the leading banks in Ghana, Karl Andah, has been arraigned before the Accra Circuit Court over allegations of defrauding a businesswoman of $152,400 under false pretenses. Andah, who is also a businessperson, pleaded not guilty to the charges leveled against him.

The complainant, Hamatu Mujis Jamal, is a businesswoman who met Andah in 2014 when she was in search of a four-bedroom apartment to purchase for her father and other family members. Andah, who was the former head of private banking and property manager of a leading bank in Ghana, told the complainant that he was the owner of the apartment, which is located at East Airport.

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The prosecution disclosed that the accused allegedly collected $152,400 and GHC4,000 from the complainant under the pretext of transferring ownership of the apartment to her. The complainant was to pay $170,000 in installments for the purchase of the property. However, Andah’s possession of the property has been called into question after investigations revealed that the said apartment was mortgaged to Andah by Hydrafoam Ghana with a bank loan.

The accused has been charged with defrauding by false pretenses and fraud. The prosecution claims that Andah collected the payment from the complainant without having full ownership of the property. The complainant was subsequently evicted from the property by the bank after it was discovered that the property was mortgaged.

The judge, Mrs Afia Owusuaa Appiah, has admitted Andah to bail in the sum of GHC300,000 with two sureties to be justified. The accused is expected to reappear before the court on April 18.

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