EOCO Chases Volta Council of State Rep Over Probe into GH¢57 Million Gold Fraud Case
- Volta Region Council of State representative Dr. Gabriel Tanko Kwamigah-Atokple is a person of interest in a gold fraud case
- The Economic and Organised Crime Office froze bank accounts linked to the case, suspecting illicit funds
- Kwamigah-Atokple runs Sesi-Edem Company Limited, which allegeldy fraudulently obtained gold valued at GH¢57,759,594.68 under false pretences
The Economic and Organised Crime Office has declared the owner of Sesi-Edem Company Limited, Dr Gabriel Tanko Kwamigah-Atokple, a person of interest in an ongoing investigation into an alleged gold fraud and money laundering.
The Economic and Organised Crime Office said the case stems from a petition filed in November 2025 by J.G. Resources Ltd in collaboration with Unigold Trading LLC.
Source: Facebook
The petition alleges that Sesi-Edem Company Limited fraudulently obtained gold valued at GH¢57,759,594.68 under false pretences.
According to the Economic and Organised Crime Office statement on Facebook, Kwamigah-Atokple, also the Volta Region Council of State representative, was formally invited in November 2025 to assist with investigations but failed to honour the invitation.
As a result, he is now being sought to aid ongoing inquiries.
Preliminary findings indicate that bank accounts belonging to Sesi-Edem Company Limited may contain proceeds of crime.
Consequently, the accounts were frozen on January 30, 2026, to prevent the dissipation of suspected illicit funds.
The company later successfully challenged the freezing order in court on February 12, 2026, seeking to have it revoked.
The office further clarified that neither the company nor its directors have been formally charged before any court, stressing that the matter remains under active investigation.
Sesi-Edem caught up in fraudulent deal
In February, The Herald reported that Sesi-Edem Company Limited was among some companies implicated in the alleged defrauding of a Turkish firm Tayvest FZCO.
The report noted that Papa Yaw Owusu-Ankomah, son of former Attorney-General under the Kufuor administration, Papa Owusu-Ankomah, together with two associates, purportedly used a company called JG Resources Limited to obtain US$17 million to facilitate a gold transaction, but failed to deliver the full quantity agreed upon.
The Turkish company, in its petition submitted on its behalf by Tony Lithur of LithurBrew Law Firm in Accra, stated that a balance of US$6.8 million was outstanding.
JG Resources is said to have had no gold concession and was neither an aggregator nor licensed by the Ghana Gold Board.
The Herald reported that it therefore relied on three other Ghanaian companies, RMB Mining Company Limited, Sesi Edem Limited and Goldline Mining Limited, advancing funds to them to supply gold bars weighing 1,200 kilogrammes for onward delivery to the Turkish firm.
Sesi Edem Company Limited has strongly denied any wrongdoing and has initiated legal action to clear its name.
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.
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.
Source: YEN.com.gh
