17
May
In a landmark ruling, David Aseye Tay – the Managing Director of Renaizance Oil Limited, an unlicenced Oil Marketing Company – has been convicted on 23 charges of defrauding by false pretence, amounting to over GH¢27.9million. The amount GH¢27.9million in 2018 was equivalent to US$6million, when US$1 was exchanged at GH¢4.67. The verdict was delivered after a full two-year trial at the Criminal Division of the High Court in Accra, presided over by Justice Lydia Osei Marfo. Despite initially pleading not guilty, Tay was found guilty on all counts – which include defrauding by false pretence, issuance of false cheques…
