How 3 Government Cheques Were Diverted Into a Fake Account

The state’s criminal case rests on an incredibly detailed trail of financial documents put together by the Economic and Organised Crime Office. Investigators discovered that the missing forty-nine point one million Ghana cedis was genuinely state money sitting inside a verified government agency account.

To execute the theft, Adu-Boahene allegedly set up a fresh private company bank account on the exact same day the state issued its first funding cheque. The private company was deliberately given a deceptive name that closely mimicked the official government agency, allowing the principal suspect to smoothly slip three heavy state cheques directly into his private corporate wallet.

The state has successfully managed to trace where every single pesewa of the stolen forty-nine point one million Ghana cedis went. Financial tracking experts revealed that the entire multi-million cedi bounty was completely blown within a shockingly short six-month window.

Instead of purchasing sensitive security equipment, the money was used to buy expensive houses in prime residential locations alongside a fleet of high-end vehicles. The prosecution has already tendered official purchase receipts, bank statements, and land ownership documents showing that these luxury assets were distributed among the accused person, his close family members, and friends.

The trial took a dramatic turn when the accused persons tried to deny having any links to the suspicious companies, bank accounts, and luxury properties. However, their denials completely collapsed the moment state attorneys confronted them with undeniable biometric and corporate registry evidence, forcing them to admit ownership in open court.

The bank managing the private account actually flagged the entire setup as highly suspicious due to the sudden inflow of massive state funds, forcing them to lock and close down the account. To cover up the fact that no cyber defense equipment was ever bought for the nation, the suspects allegedly manufactured forged purchase receipts to deceive state auditors.

The Deputy Attorney General explicitly dismissed a public narrative previously pushed by the principal suspect to gain sympathy. Adu-Boahene had claimed that the forty-nine point one million Ghana cedis was entirely used to bankroll political campaign operations during the 2024 general elections.

Dr Srem-Sai clarified that the court records completely expose this narrative as a deliberate lie invented to mislead the general public and disguise personal greed. With the state officially closing its evidence presentation next week, the judiciary will soon make its final determination on this massive public sector embezzlement scandal.

Also Read: Adu-Boahene Spent GH¢49.1m on Houses and Luxury Cars