Christopher Arthur, a 30-year-old relationship manager at Guarantee Trust Bank, was granted bail by an Accra Circuit Court. Arthur is accused of stealing GH¢12 million from a customer and allegedly used GH¢600,000 of the money on sports betting.
Under the direction of His Honour Fumey Edem Dennis, Arthur appeared before Circuit Court 2, Accra, and entered a not guilty plea to a charge of stealing in violation of Section 124(1) of the Criminal Offences Act, 1960 (Act 29).
The accused was granted GH¢12 million bail by the court with four sureties, three of whom had to be supported by landed property.
The case has been postponed until the Case Management Conference (CMC) on May 27, 2026.
The prosecution, headed by Chief Inspector Jonas Lawer, claims that the complainant, Vincent Edem Nutakor, is a businessman who opened several accounts for his company, Cart Trading and Commodities Limited, at the bank’s Haatso branch in 2023.
Arthur was given the accounts to oversee in his role as relationship manager.
According to the prosecution, Arthur allegedly embezzled GH¢12,000,000 from the complainant’s accounts at Baatsonaa between April 2025 and March 2026.
Mr. Nutakor allegedly found anomalies in the accounts in January 2026 and expressed his concerns to the defendants.
Suspicion was raised on Arthur after additional investigations showed that the full amount had been embezzled.
The accused reportedly tried to deceive the complainant on March 8, 2026, by creating an internal bank statement that was subsequently found to be fraudulent.
According to the prosecutor, Arthur paid the plaintiff an extra GH¢1,195,900 after refunding GH¢94,000 after realising there was danger.
On March 25, 2026, the accused was arrested after the incident was reported to the Baatsonaa police.
Arthur allegedly confessed to the crime during the investigation and revealed that the plan started in April 2025 with the help of two people named Gyamfua Obaayaa and Abigail. They both claimed to be in Kumasi, Thelma.
Investigators discovered that money was embezzled from the complainant’s accounts using a number of bank accounts, including those at Stanbic Bank and UBA.
A Toyota Corolla (GR 224-19), a Hyundai Elantra (GC 9242-20), an Apple laptop, and GH¢481,800 in cash are among the suspected proceeds of the crime that the police have recovered, according to C/Inspector Lawer.
Subsequent investigations revealed that around GH¢7.5 million was taken out of the complainant’s cash using other accounts in Access Bank and Zenith Bank that were purportedly connected to Adafia Caeser Shadrack.
Arthur allegedly spent GH¢600,000 on sports betting, according to the prosecution.
The court was informed that attempts are being made to get its orders to obtain comprehensive bank data and to apprehend other suspected accomplices in order to support investigations.
Source: newsthemegh.com