[2023]DLCA17140 • January 26, 2023 • Court of Appeal
EUGENE ASIAMAH BOADI vs. THE REPUBLIC
The appellant, Eugene Asiamah Boadi, CEO of Met Capital Finance Ltd, was charged with fraudulent breach of trust and money laundering involving approximately $1.5 million USD. The complainant, General Manager of Airport West Hotel, engaged Met Capital to secure funds for business expansion. A loan agreement was signed between Met Capital and Airport West Hotel, with funds transferred to Met Capital's account. The appellant transferred $500,000 to the complainant but failed to transfer the remaining $1.5 million. The appellant claimed investments were made with the funds, but failed to provide evidence. The prosecution called three witnesses and the appellant made a no-case submission which was overruled by the trial court, leading to this appeal.
read moreJUDGMENT DZAMEFE, JA The accused/appellant was charged with the following;- COUNT ONE STATEMENT OF OFFENCE FRAUDULENT BREACH OF TRUST CONTRARY TO SECTION 128 OF THE CRIMINAL OFFENCES ACT 1960 (ACT 29) PARTICULARS OF OFFENCE Eugene Asiamah Boadi; Chartered Accountant: Between September and December 2015, in Accra, in the Greater Accra Region, did dishonestly appropriate an amount of One Million, Five Hundred Thousand United State Dollars ($1,500.00.00), which was vested in you as a Trustee on behalf of Abena Nyantakyi. COUNT TWO STATEMENT OF OFFENCE MONEY LAUNDERING CONTRARY TO SECTION 1(1) (C) OF THE ANTI MONEY LAUNDERING ACT 2008 (ACT 749) PARTICULARS OF OFFENCE Eugene Asiamah Boadi; Chartered Accountant: Between September and December 2015, in Accra, in the Greater Accra Region, used the sum of One Million, Five Hundred Thousand United State Dollars ($1,500.00.00), knowing it to be proceeds of crime. BRIEF FACTS AS GIVEN BY THE PROSECUTION The ...