New financial disclosures have emerged in the high-profile trial of former National Signals Bureau Director-General, Kwabena Adu Boahene, with investigators revealing that millions of dollars were moved through jointly held accounts before they were shut down.
Lead investigator with the Economic and Organised Crime Office (EOCO), Frank Marshall Cromwell, told the High Court that three separate cheques totalling US$7 million were lodged into an account belonging to Adu Boahene and his wife, Angela Adjei Boateng.
The revelations were made during cross-examination by Deputy Attorney-General Justice Srem-Sai in the GHC49.1 million alleged theft case.
Court records tendered in evidence show that in February 2020, the accused persons paid US$1.75 million to an Israeli cybersecurity firm, ISC Holdings, for the purchase of a defence system. EOCO says this was the only payment made from that account for the stated purpose.
Investigators further told the court that shortly after the transfer, instructions were issued to shut down the accounts involved. Subsequent findings indicate that the remaining balances were later moved into another UMB Bank account linked to Angela Adjei Boateng.
The prosecution says the financial movements are central to tracing the flow of public funds and establishing whether they were diverted for private use.
Kwabena Adu Boahene and his wife are standing trial on multiple charges, including money laundering, conspiracy, and causing financial loss to the state. Prosecutors allege that while in office, Adu Boahene diverted GHC49.1 million from the National Security Coordinator’s Special Operations Account into a private entity, BNC Communications Limited.
Editor:
Obiri-Yeboah
