Embattled businessman Alfred Woyome has been freed by an Accra High Court.

Woyome was standing trial for allegedly defrauding the state of GH¢51.2 million.

The controversial payment was made under the tenure of Mrs. Mould Iddrisu as Attorney General.

Woyome was arrested on February 3, 2012 after the Economic and Organised Crime Office (EOCO), which had been commissioned by President John Evans Atta Mills to investigate the payment to him, had implicated him for wrongdoing.

He was first arraigned on February 6, 2012, together with three others.

The state brought the criminal case against him after the Supreme Court ordered him to refund the money paid him to the state.

Justice Ajet-Nassam said the state failed to convince him that Woyome acquired the money fraudulently.

He was acquitted and discharged on two charges brought against him including causing financial loss to the state and defrauding by false pretences.