An Accra Circuit court has issued a bench warrant for the arrest of a businessman, Alhaji Siba Yahaya, for allegedly defrauding some international traders in a greater than $1million gold rip-off.

The bench warrant was issued after Yahaya had failed to appear before the court to which he had been summoned.

The court, presided over by Mr Emmanuel Essandoh, issued the bench warrant yesterday, following an application by the prosecuting officer, Inspector Eric Pobee, who noted that the defendant was absent from defending the charge towards him.

Facts

Presenting the details of the case to the court, Mr Pobee mentioned two traders from the UK and their enterprise partners had been launched to Alhaji Yahaya in 2020 as a businessman who traded in gold.

The traders indicated their curiosity in buying gold bars from Yahaya and subsequently travelled to Ghana, on Yahaya’s request, who additionally demanded they meet him in individual for negotiation in respect of the transaction.

In February 2020, Yahaya and an accomplice, Samuel Asante, now at large, met the traders and confirmed them 20 kilogrammes of gold bars.

The international traders expressed their readiness to purchase 5 kilogrammes of the gold, for which Yahaya and his accomplice demanded and picked up $69,000 as preliminary half cost of the worth of the gold.

After receipt of the cash, they promised to export the gold to the international traders, who would take supply of it in Dubai within the United Arab Emirates. However they ended up exporting just one kilogramme of gold to the traders.

Yahaya defined that he couldn’t export the suitable amount of gold due to delays within the documentation course of by Customs officers at the Kotoka International Airport and promised to export the remaining amount to the traders on December 3, 2020, however failed to take action.

He later requested for $130,000, being the excellent cost for the 4 kilogrammes of gold and likewise took $70,000 from the traders to ensure the export of the remainder of the gold.

When he didn’t honour his phrase, he indicated that he had been unable to export the gold, as there have been no airlines to export the gold because of the COVID-19 pandemic.

Yahaya additionally claimed the waybill to facilitate the export of the gold couldn’t be accepted by the Precious Minerals Marketing Company , as the amount was too small, so he would add six further kilogrammes of gold to carry the overall to 10 kilogrammes for simple export.

On July 17, 2020, Yahaya advised the traders he had been arrested by INTERPOL and officers of some security agencies and the gold bars had been confiscated.

To facilitate the discharge of the gold, he demanded varied quantities of cash and later indicated that the gold bars had been launched to the Economic and Organised Crime Office (EOCO), which was demanding $300,000 earlier than releasing the precious mineral to him.

The traders despatched the $300,000 to Yahaya, bringing the overall quantity despatched to him to $1,075,000, however he didn’t fulfil his promise, resulting in his arrest.

He was then charged with conspiracy to defraud by false pretences, defrauding by false pretences and promoting and shopping for minerals with out licence and bailed.

He was anticipated to look earlier than the court however failed to take action.

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