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THE REPUBLIC v. RICHARD APPIAH

(2017) JELR 107131 (HC)

High Court  •  FT/0032/16  •  31 Mar 2017  •  Ghana

Coram
AFIA SERWAA ASARE-BOTWE (MRS.)

Judgement

JUDGMENT

ASARE-BOTWE (MRS.), J.

The accused is charged with the following offences;

1. 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).

2. 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).

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 of January 2014 the police received a complainant from one Rita Miniku a client of the accused to the effect that she invested an amount of Fourteen Thousand Ghana Cedis in the accused’s company but when th…

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