Accountant in court for fraud

Accra, Oct. 24, GNA - A 58-year-old accountant, who allegedly collected plywood worth 102.5 million cedis from a trader and went into hiding on Monday appeared before a Circuit Court in Accra charged with fraud.

Victor Aboagye, the accountant, pleaded not guilty and the Court admitted him to bail in the sum of 200 million cedis. Aboagye is to reappear on November 7.

The case of the Prosecution was that in April in last year, Aboagye and two other accomplices, now at large, approached the Madam Beatrice Twumasi, a plywood seller at Dome, and told her that he had a firm known as Gibbs Construction Company Limited located in the Accra Metropolis and asked to be supplied with plywood with the promise to pay within a month.

Madam Twumasi told Aboagye that since she did not know the location of their Company she would not supply them with the plywood. Aboagye and his accomplices, in an effort to convince Madam Twumasi, sent her to Oblogo where they showed her a room filled with some plywood as the location of their company.

The Prosecution said Aboagye and his accomplices returned to Madam Twumasi's shop and took away 102.5 million cedis worth of plywood. When she went to Oblogo to collect her money, she was told that Aboagye's construction firm was not located there.

Efforts to trace Aboagye and his accomplices proved futile until September 9 when she was informed of Aboagye's arrest by the Madina Police in connection with a similar case.

In another development, Aboagye appeared at the same court for defrauding Mr Emmanuel Lartey, a businessman, of 67 million cedis. Aboagye, Gibbson Asante Danso and another now at large, are alleged to have collected 1,500 pieces of wawa boards on August 25, this year but failed to pay and went into hiding.

The Prosecution said Abaogye was arrested at his hideout at Abiriw in the Easter Region.

Aboagye pleaded not guilty and is on 100 million cedis bail with a surety to be justified. 24 Oct. 05