The Attorney-General, Dr. Dominic Ayine, has confirmed that the government has frozen assets belonging to Bernard Antwi Boasiako, widely known as Chairman Wontumi, including a GH₵50 million account linked to his insurance company. This measure follows investigations by the Economic and Organized Crime Office (EOCO) into alleged financial irregularities involving Wontumi Farms and Ghana Exim Bank.
Chairman Wontumi, who also serves as the Ashanti Regional Chairman of the New Patriotic Party, is accused of defrauding the state of GH₵24,255,735. Investigators allege that he submitted forged documents, including a falsified receipt from Casama Enterprise for equipment worth GH₵4 million, to secure a loan from Ghana Exim Bank. The loan, intended for a farming venture, was reportedly obtained before Wontumi Farms was officially registered in December 2017, and several pre-disbursement conditions were not met, including the acquisition of farming equipment.
Dr. Ayine stated that Wontumi Farms and its directors will be prosecuted for defrauding by false pretenses, forgery, and causing financial loss to the state. The prosecution is scheduled to commence after the Christmas break, once all necessary documentation from Exim Bank has been finalized and filed in court.
The Attorney-General emphasized that the government’s actions are part of a broader effort to combat financial crimes and protect public institutions. The freezing of Wontumi’s assets underscores the state’s determination to ensure accountability, recover misappropriated funds, and deter future fraudulent activities.
This case has drawn significant public attention, given Chairman Wontumi’s high-profile political position, and has sparked discussions about transparency, governance, and the responsibilities of public figures. The Attorney-General’s office has reassured the public that due process will be followed, while emphasizing that the state remains committed to upholding the rule of law and safeguarding national resources.
The outcome of the legal proceedings is expected to have implications for financial accountability and the enforcement of laws against high-level economic crimes in Ghana.
From Opera News
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