Businessman Remanded Over Alleged GH¢1.1m Gold Scam

The Circuit Court in Accra, presided over by His Honour Isaac Addo, has remanded a 38-year-old businessman, Dominic Tawiah, into police custody after he was charged with defrauding by false pretence to the tune of GH¢1,119,700.00.

Tawiah pleaded not guilty to the charge, which is contrary to the provisions of the Criminal Offences Act, 1960 (Act 29). He is alleged to have fraudulently obtained the money under the pretext of supplying 153 pounds of gold.

According to the prosecution, led by Chief Inspector Jacob Kuuba Esq., the complainant, Alexander Nkrumah, was introduced to the accused in 2024 as a potential supplier of gold.

Though Nkrumah is not a gold dealer, he acted as an intermediary between the accused and a friend, Selim Fendi, who is an exporter of gold.

Initial transactions involving smaller quantities of gold were reportedly successful, leading Nkrumah to trust the accused.

Subsequently, Nkrumah handed over a total of GH¢1,513,700 partly in the presence of Fendi for the supply of 153 pounds of gold.

However, Tawiah allegedly failed to deliver the gold. Upon interrogation, he admitted receiving GH¢1,519,700 but claimed the funds were intended for fuel and operational expenses at his mining site, and not for the supply of gold.

The accused is said to have since evaded the complainant’s calls, prompting Nkrumah to lodge a petition with the police. Tawiah was arrested on July 14, 2025, to assist in the ongoing investigation.

The court has remanded him to allow further investigations. The case has been adjourned to a later date.

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