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In The Matter Of Alleged $4M Gold Fraud…COURT GRANTS 2, GH˘1M Bail
 
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28-Sep-2014  
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The two sureties; Mr. Joel Nettey, President of Advertizing Association of Ghana and Mustapha Ghande, Personal Assistant to the National Chairman of the National Democratic Congress (NDC)who stood in as guarantors to secure bail for a Canadian businessman called Mathias Jude Allistair in an alleged $4 million fraud case against the latter at the Police Headquarters was last Friday granted bail of Gh˘500,000 with two sureties each.

Previously at the court last Thursday, Mr. Nettey failed to turn up but the Circuit Court ‘9’ Presided over by His Lordship Justice Boakye Yiadom handed down a bail of Gh˘2 million with three sureties on the head of Mustapha Ghande which he failed to meet and had to be resigned to the Darkuman Police Cells till Friday 26th September 2014 when himself and Mr. Nettey reappeared before the court.

Alistair Jude Mathias, the Chief Executive Officer (CEO) of M.A Resources Limited in the Eastern Region, was arrested on June 24, 2014 this year by the Commercial Crime Unit (CCRU) of the CID after a Ghanaian businessman Henry Osei lodged official complaint at the Police Headquarters over his $4 million cash locked up with the Canadian as proceeds from delivery of gold to him(Canadian) in Dubai.

The Canadian was subsequently granted bail with two sureties, namely Mustapha Ghande and Joel Nettey in compliance with the 48hour rule while investigations continued.

According to the Director of CCRU, Superintendent Felix Mawusi, the sureties are now before court because Mr. Alistair was asked to be reporting to the Police regularly to assist in the investigations but somewhere along the line he requested three weeks travel time from the Police to go to Dubai and get his paper works together for the case against him and had since been gone for 10 weeks, effectively jumping bail thereby.

However, after some legal arguments over the bail terms between the prosecutor DSP Cletus Amannor and the solicitor for both sureties Dennis Adjei Dwomoh from Maalo Chambers who also represents the suspect Mr. Alistair Mathias, the court resolved to give a much liberal bail conditions of Gh˘500,000 with two sureties each and to reappear on the 16th October, 2014 to help locate the Canadian businessman.

Meanwhile it’s curious to note that while police investigations were ongoing since the matter was reported in June this year, Mr. Mathias had signed a Deed of Transfer (INDENTURE) witnessed by Kpatsa and Associates on the 7th July, 2014 transferring all his 100,000 ISSUED SHARES in his own company M.A Resources Limited in Ghana to his other company in the Republic of Panama called Halcyon Investment Capital Inc.
 





 
 
Source: The New Crusading Guide
 
 

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