- Amar Deep Singh Hari, Chairman of IPMC and co-founder of Gold Crest Refinery, is facing prosecution over alleged gold theft.
- He was arrested at Kotoka International Airport on August 25, 2025, and arraigned in court the following day.
- Prosecutors accuse him of stealing 23kg of refined gold, 2kg of unrefined gold, and sensitive company documents.
- Singh Hari pleaded not guilty and was granted bail.
- He claims the allegations are false and orchestrated by former business partners Niharika Handa and her son, Punar Vasu Handa.
- He describes both individuals as fugitives facing charges abroad and accuses them of defrauding his company.
- Singh Hari has petitioned the CID with evidence and requested a full investigation.
- He maintains his respect for Ghana’s laws and vows to fight for justice.
- The case has sparked debate over corporate governance and foreign exploitation of Ghana’s business environment.
Amar Deep Singh Hari, a prominent Indian businessman based in Ghana, is pushing back against criminal allegations that accuse him of stealing gold and sensitive documents from Gold Crest Refinery, a company he co-founded. Singh Hari, who also chairs IPMC, was arrested on August 25, 2025, upon arrival at Kotoka International Airport and arraigned the next day. He pleaded not guilty and was granted bail.
The charges stem from claims that Singh Hari, along with an alleged accomplice currently on the run, dishonestly appropriated 23 kilograms of refined gold, 2 kilograms of unrefined gold, and a trove of corporate documents including trading licences and incorporation certificates. Prosecutors argue that these assets belong to the company as a legal entity, not to individual shareholders.
Singh Hari has dismissed the accusations as a calculated smear campaign by former business partners Niharika Handa and her son, Punar Vasu Handa. He describes both as fugitives facing legal battles abroad and accuses them of defrauding Gold Crest Refinery of millions of dollars. He claims the case is rooted in internal sabotage and not genuine criminal conduct.
In response, Singh Hari has submitted a petition to the Criminal Investigations Department (CID), backed by documentation and photographic evidence. He insists that once investigations are complete, the truth will prevail in court. He also urged Ghanaian institutions to remain vigilant against individuals who exploit the country’s openness for fraudulent gain.
Having lived and worked in Ghana for over three decades, Singh Hari emphasized his contributions to job creation, youth empowerment, and technological advancement. He reaffirmed his commitment to the rule of law and expressed confidence in Ghana’s judicial system to deliver justice.
