Two persons, accused of defrauding the owner of Legacy Saving and Loans of GHC6.5million under the pretext of facilitating the reinstatement of his revoked licence by the Security and Exchange Commission (SEC), have appeared before an Accra Circuit Court.
Francis Ansah, a Chartered Accountant and Frank Nana Nyira Antwi, an Operational Director, were charged with conspiracy, stealing a Toyota Pick Up and defrauding by false pretences.
Jerry John Appiah Felix, Operational Manager of FAFA Construction, an accomplice, who is said to have acted as a National Security Officer, is said to be at large.
The accused persons denied the charges and were admitted to bail in the sum of GHC700,000 with three sureties each, two to be justified with landed property.
The court presided over by Mrs Priscilla Dapaah Mireku, also ordered the accused persons to report to the police every other day.
The matter was adjourned to June 17.
Prosecuting, Chief Inspector Simon Apiorsornu, who held brief, said the case was still under investigation.
He said Mark Opoku was the CEO of Legacy Savings and Loans and Management Companies limited.
The prosecution said somewhere in the year 2019, the government of Ghana through the Security Exchange Commission revoked the licenses of Legacy Fund management and legacy Saving and Loans Companies Limited.
It said Ansah, who was then the financial controller of the Company, brought on board Appiah and they plotted to defraud the complainant of his property and money.
The prosecution said Ansah introduced Appiah to the complainant as a member of the National Security and was the brain behind the commutation of the Legacy Fund management licence to suspension and that he could assist in the reinstatement of the licences.
It said under that pretext, the complainant was asked to pay cash in the sum of GHC6.5million to Antwi through Ansah to facilitate the reinstatement.
The prosecution said Ansah and Appiah again stole the company’s Toyota pick up.
It said investigations disclosed that the complainant fell prey to the accused and parted with cash in the sum of GHC6.5million to Antwi and Ansah.
The prosecution said on October 6, last year, Appiah paid GHC2million to FAFA Construction Company’s First National Account as part of the monies fraudulently obtained from the complainant.
It said further investigations revealed that FAFA Construction Limited was owned by the three accused persons.
The prosecution said investigations were ongoing to obtain all account statements and business registration details for prosecution and apprehension of Appiah to assist in investigations.