The Economic and Organised Crime Office (EOCO) has declared the owner of Sesi-Edem Company Limited, Dr. Gabriel Tanko Kwamigah-Atokple, a person of interest in an ongoing investigation into an alleged multi-million cedi gold fraud and money laundering scheme.
In a statement issued on March 30, 2026, EOCO confirmed that the case stems from a petition filed in November 2025 by J.G. Resources Ltd in collaboration with Unigold Trading LLC. The petition alleges that Sesi-Edem Company Limited fraudulently obtained gold valued at GH¢57,759,594.68 under false pretences.
According to EOCO, investigations are being conducted under provisions of the Economic and Organised Crime Act, 2010 (Act 804), the Criminal Offences Act, 1960 (Act 29), and the Anti-Money Laundering Act, 2020 (Act 1044).
The anti-graft agency disclosed that Dr. Kwamigah-Atokple was formally invited in November 2025 to assist with investigations but failed to honour the invitation. As a result, he is now being sought to aid ongoing inquiries.
Preliminary findings, EOCO noted, indicate that bank accounts belonging to Sesi-Edem Company Limited may contain proceeds of crime.
Consequently, the accounts were frozen on January 30, 2026, to prevent the dissipation of suspected illicit funds.
The company later challenged the freezing order in court on February 12, 2026, seeking to have it revoked. However, EOCO maintains that the action was necessary to safeguard funds believed to be linked to criminal activity while investigations continue.
The Office further clarified that neither the company nor its directors have been formally charged before any court, stressing that the matter remains under active investigation.
EOCO also revealed that efforts to secure the cooperation of the company’s directors have so far been unsuccessful. It warned that it will resort to all lawful means to locate, identify, and arrest individuals connected to the case if they continue to evade investigators.
The development comes amid heightened scrutiny of Ghana’s gold trading sector, with regulators under increasing pressure to clamp down on fraud, illicit financial flows, and non-compliance within the industry.
EOCO has urged the public to cooperate with law enforcement agencies and provide any relevant information that could assist in advancing the investigation.
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Source: www.myjoyonline.com
