Administrator who allegedly used GH¢ 1M of company funds on sport betting granted bail
Source: Getty Images
By DL News
Published
1 min read
The accused is said to have failed to deposit an amount of money meant to pay the company’s suppliers, and that he was also implicated during an internal audit of the firm.
An Accra Circuit Court has granted bail of GH¢100, 000 to an administrator of electronics distributor, Kab-Fam Ghana Limited, after he was remanded for allegedly betting with one million Ghana cedis (GH¢ 1, 079,728.00) of company funds.
According to the police, the accused, Nana Agyapong, failed to deposit an amount of money meant to pay the company’s suppliers, and that he was also implicated during an internal audit of the firm.
The audit revealed that an additional GH¢ 279,728 was unaccounted for in the company’s records.
“The accused person admitted the offences in his caution statement to the police, and stated that he used the money to stake Sportybet and 1xbet but lost,” Police Prosecutor, Inspector Maxwell Ayim told the court.
Pleaded not guilty, he is facing charges of stealing and forgery.
The court presided over by Mrs Ellen Ofei-Ayeh further adjourned the matter to May 6, 2022.
