11 Ghanaians Arrested Over $2 Million Gold Fraud Involving Sri Lankan MP
- Some Ghanaians have been arrested after they allegedly defrauded a Sri Lankan Member of Parliament in a gold deal
- The suspects are facing charges of attempted fraud, defrauding by false pretence, and conspiracy to commit a crime
- A National Security team arrested the suspects at Weija SCC on October 16, 2025, and they are awaiting a court date
11 Ghanaians have been accused of defrauding a Sri Lankan Member of Parliament of $2 million under the pretext of supplying gold.
The suspected fraudsters were arrested and granted GH¢500,000 bail with two sureties.
Source: UGC
The accused persons were identified as Abdul Rauf Adam, Alhmamoudi Saleh, Yaw Attah Antwi, Osman Suleman, Nhyiraba Dwamena Ra-III, Benzcarl Dwamena, Sanfo Mubassir, Sallah Mammoudi, Ahmed Issah, Umaru Pafadenam, and Salifu Suleman.
They are facing charges of conspiracy to commit a crime, defrauding by false pretence, and attempted fraud.
GNA reported that they are expected to reappear in court on November 20, 2025.
The accused persons operated in and around Weija SCC and were part of an alleged syndicate defrauding individuals under the guise of selling gold.
Investigations showed that in 2023, Saleh and his accomplices reportedly defrauded Hizbullah under the pretext of supplying gold.
After receiving the money, they failed to deliver the gold and cut contact with the victim.
Court records indicated that the accused later re-established contact with Hizbullah, offering to sell him 50kg of gold with a paper trail.
Following an official complaint, a National Security team arrested the suspects at Weija SCC on October 16, 2025.
Two pieces of yellowish metal, suspected to be gold, were retrieved during the arrest.
How Goldbod has changed Ghana's gold trade
In April, the government restructured Ghana’s gold trading framework following the passage of the Ghana Gold Board Act (Act 1140), 2025.
The law revoked all licences previously issued by the Precious Minerals Marketing Company and the sector minister, except for those granted to large-scale mining companies.
Foreigners are no longer allowed to partake in the local gold value chain, although foreign nationals may still apply to purchase gold directly from the board.
The Goldbod is one of the top priorities of the John Mahama administration.
Source: Facebook
It is aimed at economic revitalisation and would, among other things, be responsible for the sustainable management and marketing of the country's gold resources.
This would also include formalising the small-scale gold mining sector and providing mining support services for the industry.
The Ghana Gold Board reportedly generated over $8 billion in foreign exchange between January and October 2025.
GoldBod arrests two in smuggling case
GoldBod also previously announced the arrest of two suspects, Abdul Karim Alhassan and Sadique Abubakar, in a smuggling case.
The suspects voluntarily surrendered to authorities and were arraigned before the High Court.
A GH¢1,000,000 bounty has been placed on three other suspects in the case, who are said to be on the run.
US citizen arrested by Goldbod
YEN.com.gh previously reported that an American and a Moroccan were nabbed by a Goldbod Taskforce for alleged illegal gold trading worth GH¢2.2 million. Four Ghanaians were also arrested as part of the operation on October 10, 2025.
The foreign suspects have been identified as Smart Philander, from the United States, and Nina Elfseky, from the North African country. They were arrested at the SSNIT Emporium near Accra's Marina Mall after a long period of surveillance.
Proofreading by Bruce Douglas, copy editor at YEN.com.gh.
Source: YEN.com.gh
