THE REPUBLIC vs RICHARD APPIAH [2017]DLHC16396

Date	2017-03-31
Suit No.	SUIT NO.FT/0032/16
Citation No.	[2017]DLHC16396

HER LADYSHIP JUSTICE AFIA SERWAA ASARE-BOTWE (MRS.)

MS. WINIFRED SARPONG

MR. WATKINGS ADAMA

NANA AISHA SALIFU

MR. GEORGE ASAMANEY

[2017]DLHC16396
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THE REPUBLIC<o:p></o:p>

(ACCUSED PERSON)<o:p></o:p>

[HIGH COURT, ACCRA]<o:p></o:p>

&nbsp;

<a name="_heading=h.gjdgxs"></a>SUIT
NO.FT/0032/16&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;DATE: 31ST MARCH, 2017<o:p></o:p>

</div>

COUNSEL<o:p></o:p>

MS. WINIFRED SARPONG WITH HER
ARE MR. WATKINGS ADAMA AND NANA AISHA SALIFU FOR THE REPUBLIC<o:p></o:p>

MR. GEORGE ASAMANEY FOR THE
ACCUSED PERSON<o:p></o:p>

</div>

HER LADYSHIP JUSTICE AFIA SERWAA
ASARE-BOTWE (MRS.) <o:p></o:p>

JUDGMENT<o:p></o:p>

</div>

The accused
is charged with the following
offences;<o:p></o:p>

<p class="MsoListParagraph" style="margin-top:0cm;margin-right:7.0pt;margin-bottom:
0cm;margin-left:32.95pt;margin-bottom:.0001pt;text-indent:-18.0pt;line-height:
115%;mso-list:l2 level1 lfo5;tab-stops:43.05pt"><span style="font-size:12.0pt;mso-bidi-font-size:13.0pt;line-height:115%;font-family:
&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:&quot;Book Antiqua&quot;;mso-bidi-font-family:
&quot;Book Antiqua&quot;;mso-font-width:99%">1.<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: &quot;Times New Roman&quot;;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On Count
one, the accused
is charged with Operating an Investment
Company without license
contrary to Sections
4(1) and 4(3)(b)
of the Banking Act, 2004(Act
673).<o:p></o:p>

&nbsp;

<p class="MsoListParagraph" style="margin-top:0cm;margin-right:6.85pt;margin-bottom:
0cm;margin-left:32.95pt;margin-bottom:.0001pt;text-indent:-18.0pt;line-height:
115%;mso-list:l2 level1 lfo5;tab-stops:43.05pt"><span style="font-size:12.0pt;mso-bidi-font-size:13.0pt;line-height:115%;font-family:
&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:&quot;Book Antiqua&quot;;mso-bidi-font-family:
&quot;Book Antiqua&quot;;mso-font-width:99%">2.<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: &quot;Times New Roman&quot;;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On
counts 2 through to Count 180, the accused is charged with defrauding by false pretences
contrary to Section
131 of the Criminal Offences
Act, 1960 (Act 29).<o:p></o:p>

&nbsp;

&nbsp;

The
facts of the case that were read to the Court at the commencement of the case are that the complainants are
all clients of an investment company known as Prymehedge Investments. The accused person
Richard Appiah is the CEO and Managing Director
of the company. The company’s head office was located at
Sakumono and the company had been in existence since 2011. On the 16th<spa</main>