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Woyome’s fate to be decided today

An Appeal Court is set to deliver judgment in the case of businessman Alfred Agbesi Woyome, charged with causing financial loss to the state to the tune of GHȻ51.28 million.

This comes at the back of an appeal by the Attorney General when an Accra High Court. acquitted and discharged Mr Woyome.

Woyome is facing an charge of defrauding by false pretences and has maintained that the judgment debt he obtained was in relation to financial engineering role he played for the Government of Ghana through Bank of Austria, which government failed to approve, even though no money was paid by the Austrian bank.

The judge is expected to, among other issues, decide whether or not the act of going through a bidding process being approved by the Central Tender Review Board without being given a letter to that effect amounts to a breach of which would warrant payment of the gargantuan GHȻ51.28 million.

The controversial payment was made under the tenure of Mrs. Mould Iddrisu as Attorney General.

Woyome was arrested on February 3, 2012 after the Economic and Organised Crime Office (EOCO), which had been commissioned by President John Evans Atta Mills to investigate the payment to him, had implicated him for wrongdoing.

Meanwhile, Alfred Woyome has requested the Supreme Court to allow him additional three years to refund the GHS51.2 million he fraudulently got from the state.

He made the request on Tuesday, March 1, 2016.

Counsel for Woyome, Mr Ken Anku argued that his client could not refund the money by December 31, 2015 as he had earlier promised because all his accounts were frozen by the state during criminal investigations into the payment of the money.

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