The prosecution within the trial of Solomon Asamoah and former CEO and Chairman of the Board of the Ghana Infrastructure Funding Fund (GIIF), Professor Christopher Ameyo Akumfi, has closed the case after calling three witnesses to solidify the case in opposition to the accused.
Asamoah and Professor Ameyo Akumfi are charged by the state with conspiracy to trigger $2 million in monetary losses for the aim of constructing a SkyTrain system that was by no means constructed.
The prosecution’s case focuses on allegations that the mission didn’t obtain approval from GIIF’s Board of Administrators, the first physique chargeable for the fund’s acts, omissions and liabilities.
testimony
Yaw Odame Darkwa Asamoah, a former director of GIIF, informed the courtroom that the board had not accepted the transaction.
He added that the doc by which Asamoah knowledgeable the board that he would make investments a complete of $2 million within the SkyTrain mission with GIIF because the anchor investor in alternate for a ten% stake, topic to board approval, was merely an replace and never an approval.
“That is simply an replace from the CEO on the SkyTrain mission, as a result of on the time the mission was nonetheless within the funding committee,” the witness mentioned.
A second prosecution witness, former chairman of the inspiration Kofi Boakye, additionally testified that the board had not accepted the SkyTrain mission.
“Throughout my tenure as a board member, we accepted a number of initiatives, however the board didn’t approve the SkyTrain mission.
“Moreover, the board didn’t approve the $2 million fee,” Boakye mentioned.
Francis Aboazi, the Nationwide Intelligence Bureau (NIB) chief of workers who led the investigation into the matter, additionally led proof corroborating the testimony of the primary two witnesses.
After the conclusion of the case by the prosecution, the attorneys representing the accused indicated their intention to file a non-prosecution, which is a proper given to the accused beneath part 173 of the Prison and Different Offenses (Process) Act, 1960 (Act No. 30).
Particularly, it provides the defendant a chance to persuade the courtroom that the prosecution has didn’t construct a prima facie case to justify opening a protection.
If the trial courtroom doesn’t discover advantage in submitting the go well with, the accused can be launched, however in any other case he can be directed to open a protection.
The courtroom, presided over by Choose Audrey Kocuvie-Tay, gave the defendants three weeks to submit their software.
