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A defeated parliamentary hopeful for the Subin Constituency in the Ashanti region, Mr Kwadwo Villey Acheampong, has been granted bail by an Accra Circuit Court in the sum of GHS700,000.00 with two sureties, one to be justified by a landed property of which the title deed must be deposited with the court registry.

He has been charged with one count of defrauding by false pretence.

Mr Acheampong was arraigned today, 28 March 2022 for the crime.

The complainant is Mr Solomon Kwabi, a businessman resident at Garden Estate, Teshie while the accused person is a businessman resident at Baatsona, Spintex.

The brief facts of the case as presented on behalf of Assistant Superintendent of Police (ASP) Emmanuel Nyamekye are that during the month of February 2020, the accused person advertised his uncompleted six-bedroom house at Baatsona, Spintex for sale through an estate agent, Mr Kwadwo Owusu, also a witness in the case.

The complainant, together with the witness, met the accused person and agreed on a price of GHS820,000.00 for the property.

The complainant made payments totalling GHS700,000 to the accused person.

Some of that money was paid through the witness and receipts of payment were issued to the complainant.

The complainant then demanded the documents of the said building so that he could pay the balance of GHS120,000.

However, the accused person sent him a text message that he had sold the same building to another buyer.

The complainant then demanded a refund of his money but the accused would not budge.

The complainant then petitioned the Director-General/CID on 27 October 2021 over the matter.

On 2 November 2021, the accused person was arrested.

He stated in his caution statement that he borrowed the said GHS700,000 from the complainant but not to sell his building to him.

The accused person was shown the receipt of payment as well as the messages sent to the complainant but he could not give any tangible reason as to why he issued the receipt and the messages regarding the sale of the house.

The police also asked the accused person to produce the original copy of the documents of the said building but he could not do so.

According to the Prosecutor, investigations at the Lands Commission revealed that the said land was registered in the name of one Kwadwo Adjei, the same person who issued an indenture to the accused person. 

Meanwhile, investigations by the CID at DCI Microfinance Limited, Accra, also indicated that the accused person has used the original land title to the building to secure several loans from the financial institution.

After investigations, the accused person was charged and arraigned.

The case has been adjourned to April 27, 2022.