MD granted bail over GH¢61,312.82 fraud

An Accra circuit court, has granted GH¢60,500 bail with two sureties to Asiamah Boadi, the Managing Director (MD) of MET Capital Group, for defrauding by false pretences.
He was said to have defrauded Samuel Adofo, a building technician, of GH¢61,312.82 meant for investment.
The accused pleaded not guilty to defrauding by false pretences and breach of public trust contrary to Section 128 of Act 29/30 of 1960.
Boadi, a chartered accountant, was further asked to report to the police once every week until the court presided by Judge Ruby Naa-Ayikai Aryeetey ordered otherwise.
The prosecutor, Sergeant Benson Benneh told the court that one Queendella Abraso introduced the complainant to the accused in June 2015.
He said Boadi told Adofo the investment would attract an interest of 31 per cent per annum.
Sgt Benneh said the accused collected GH¢61,312.82 with the promise that the complainant could withdraw his money and accrued interest in June 2016.
A year later, Adofo went to withdraw his money but he realised the entrance to the microfinance company was locked.
He said efforts to trace the accused proved futile, adding that a report was made to the police and Boadi was arrested.
Sgt. Benneh told the court Boadi admitted the offence in his caution statement and pleaded for enough time to pay the money.
The court heard that the license of MET Capital Group has been suspended.
The case has been adjourned to November 29.


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