By Gifty Amofa, GNA
Accra, May 6, GNA – Two businessmen allegedly involved in a GHC49,595,816.00 gold fraud were on Wednesday refused bail by the Accra Circuit Court Nine.
Kenneth Torbizo, 49, and Ernest Kofi Nyatorgbe, 37, the accused persons, have denied conspiring to defraud Mr Kofi Asaah Attakurah under the pretext of supplying him with 32 kilogrammes of gold.
They have been remanded into Police custody to assist in investigation.
Police Chief Inspector Jonas Lawer, giving the facts of the case, said Mr Attakurah, the complainant, was the Chief Financial Officer of Max Palasco Company, registered into the purchase of gold in Ghana.
He said Torbizo and Nyatorgbe were also businessmen into buying and selling of gold, operating under the name: Torbiken Enterprise.
In January, 2026, Torbizo and Nyatorgbe approached the Complainant through his company’s Chief Executive Officer (CEO) that they had a quantity of gold to sell, and the CEO expressed interest.
Based on that Torbizo and Nyatorgbe demanded and collected GHC49,595,816.00 from the complainant and promised to supply 32 kilogrammes of gold, equivalent to the cash received.
Several attempts the complainant made to get the gold supplied or a refund of his money proved unsuccessful.
The complainant thus reported the matter to the police, leading to the arrest of the accused persons.
They were charged with the offences and put before court.
Prosecution also told the court that it would refer the case to the Attorney General for advice considering the amount involved.
GNA
Edited by Agnes Boye-Doe