Lawyers for Mr Bernard Antwi Boasiako, also known as Chairman Wontumi, have written to the Attorney-General and Minister of Justice to enter into a plea bargain in the case, in which he has been accused of intentionally causing financial loss of more than GH¢30 million to Ghana Export-Import Bank (GEXIM).
This means that the accused is willing to enter into an agreement where he pleads guilty to defrauding by pretenses, uttering of a forged document, money laundering, and intentionally causing financial loss to GEXIMBANK.
Dr Justice Srem-Sai, the Deputy Attorney-General and Minister of Justice, has duly notified the Court pursuant to section I62C (3) of the Criminal & Other Offences (Procedure) (Amendment), Act 2022 (Act 1079).
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Per this arrangement, the prosecution may recommend a lesser sentence or repayment of the money with interest or both as punishment.
Mr Antwi, the first accused, Thomas Antwi-Boasiako, the second accused, now at large, together with Wontumi Farms Limited, have been charged with defrauding by false pretence, money laundering, and uttering forged documents.
The accused allegedly received various sums from EXIM Bank Ghana with the intention of investing in a farming project.
It is the case of the State that sometime in January 2018, Mr Boasiako, the first accused, approached EXIM Bank for a GH¢90 million facility to embark on a farming venture.
The Deputy Attorney-General and Minister of Justice, Dr Justice Srem-Sai, said in a grant application letter that Wontumi, ostensibly as Wontumi Farms Limited Managing Director, declared that a parcel of land – 100,000 acres in size – has been secured for the project.
He said on January 16, 2018, the bank made a mixture of loan and grant facility offer of GH¢18,734,260.00 facility to Wontumi Farms to be spent on the purchase of agricultural plant and machinery, working capital, and a grant for staff and labour costs, and consultancy fees.
Dr Srem-Sai also revealed that at 4 p.m. on January 23, 2018, Wontumi signed the acceptance in Kumasi in the presence of the second accused as a witness.
He said by March 2018, the bank commenced disbursing the facility to Wontumi Farms Limited.
The Deputy Attorney-General and Minister of Justice mentioned that a total sum of GH¢14,302,000.00 was disbursed.
However, Dr Srem-Sai revealed that investigations established that the accused did not undertake the proposed farming activity.
He said they bought no agricultural plant or machinery.
And also, they employed no one to work on the farm. They did not own or secure the parcel of land, which they represented to the bank as a parcel of land secured for the proposed farm.
Ghanaian Times