- Prominent businessman Amardeep Singh Hari, Executive Chairman of IPMC, has been arrested and charged with stealing gold and sensitive company documents belonging to Gold Crest Refinery Limited.
- The arrest, which took place at Kotoka International Airport on August 25, follows months of failed attempts by police to secure his cooperation.
- He has pleaded not guilty and is currently out on bail.
The Executive Chairman of IPMC, Amardeep Singh Hari, has been arrested in connection with the alleged theft of gold and corporate documents from Gold Crest Refinery Limited. The arrest was executed at Kotoka International Airport on August 25, shortly after his return from South Africa. An outstanding warrant had been issued following repeated attempts by the Ghana Police Service to involve him in the investigation.
Singh Hari was arraigned before the Accra Circuit Court on August 26, where he pleaded not guilty to three counts of stealing under Section 124(1) of the Criminal Offences Act. Prosecutors allege that he, along with an accomplice currently on the run—identified as Sannamdeep Singh Hari—dishonestly appropriated 23 kilograms of refined gold, 2 kilograms of unrefined gold, and a trove of sensitive documents including incorporation certificates, trading licences, and financial records.
The alleged theft reportedly occurred in December 2024 at the company’s Accra offices. Prosecutors claim the items were taken without the knowledge or consent of other directors.
Defence lawyers have pushed back, arguing that the charges stem from internal company disputes and that no formal complaint was filed by Gold Crest Refinery. They maintain that Singh Hari, who holds a 50% stake in the company and has served as Managing Director for seven months, cannot be accused of stealing from his own business.
The prosecution, led by Chief Inspector Kuubal, countered that corporate assets belong to the company as a legal entity—not to individual shareholders. The court agreed to grant bail in the sum of GH¢100,000 with two sureties and adjourned the case for further proceedings.
As investigations continue, the case has sparked debate over corporate governance, shareholder rights, and the legal boundaries of internal control.
Let me know if you’d like a follow-up piece on Ghana’s corporate theft laws, a visual breakdown of the charges, or a social caption to drive engagement. I’m ready when you are.
