Crime

Wontumi-Exim Bank alleged loan fraud case adjourned to June 18

This time for the offenses of defrauding by false pretences, causing financial loss to a public body, money laundering and authoring a forged document in relation to fraudulently acquiring a GHC14.3 million loan using his farming company from the Ghana Export-Import Bank between 2018 and 2022.

When the case was called, Chairman Wontumi pleaded not guilty to the four counts of charges preferred against him and his company, Wontumi Farms Ltd.

Reading the brief facts of the case, Deputy Attorney-General, Dr Justice Srem-Sai alleged that Chairman Wontumi used a forged receipt, knowing it was not genuine, to obtain an additional GH¢4 million from the bank.

Andy Appiah Kubi, lead counsel for Chairman Wontumi prayed the court to maintain bail conditions granted his client by the Economic and Organised Crime Office (EOCO) noting that he had been cooperative and honoured all their invitations.

Appiah Kubi further stated that Wontumi is a politician with repute and had complied with the previous bail terms.

Deputy Attorney-General Dr Justice Srem-Sai did not oppose the prayer for bail.

Presiding judge Halimah El-Alawa Abdul-Basit then granted the plea of the defence and granted Wontumi to bail on the existing terms. Prosecution has further been directed to file disclosures ahead of the Case Management Conference.

The case has been adjourned to June 18, 2026.

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