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Crime & Punishment of Wednesday, 8 May 2013

Source: Daily Graphic

3 OLAM managers in court for alleged embezzlement

Three district managers of Olam Ghana Limited, a licensed cocoa buying company, have been arraigned before the Goaso Circuit Court for allegedly falsifying documents to dupe the company to the tune of GH¢496,928.

The accused persons are Joseph Akpabli of the Tepa District and Stephen Addai of the Mankranso District, all in the Ashanti Region, who have both been accused of duping the company to the tune of GH¢177,868 and GH¢163,028 respectively.

The third person, Paul Antwi of the Sankore District in the Brong Ahafo Region, has also been accused of duping the company to the tune of GH¢156,032.

Officials of the company made a report to the police leading to the arrest and prosecution of the accused persons.

They were all remanded in police custody for one week on their first appearance on April 25, 2013.

Subsequently, Antwi and Addai were granted bail after making commitments to pay the amount involved.

Addai has since paid GH¢50,000.

Akpabli was, however, granted bail in the sum of GH¢100,000.00 with two sureties to be justified.

The case has been adjourned to May 17, 2013.

According to the prosecutor, Chief Inspector Francis Azambeo, Olam Limited advanced monies to its purchasing clerks through the three district managers for the purchase of cocoa beans in their respective areas.

Akpabli was to supply the company with 839 bags of cocoa, while Addai and Antwi were to supply 945 bags and 736 bags respectively within a certain period.

The accused persons, according to the prosecution, were to deliver their stocks to the company’s warehouse by the middle of February 2013.

According to the prosecution, although they failed to supply the said stocks, the accused managed to falsify documents to the effect that the cocoa had been supplied.

Subsequent checks at their warehouses, however, proved the opposite as it was revealed that the cocoa had not been supplied.

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