A petition has been filed with the Criminal Investigations Department (CID) of the Ghana Police Service over an alleged US$17 million gold transaction scandal involving multiple companies described as dubious, according to The Herald.
The complainant in the case is a partner of a United Arab Emirates-based firm Tayvest-FZCO, which claims it was defrauded in the large-value gold deal. In the petition, the partner alleges that one or more Ghanaian gold companies received the US$17 million payment but failed to deliver the agreed quantity or quality of gold.
Among the businesses named in the dispute is Sesi-Edem Company Limited, a licensed gold dealer, which Tayvest and its representatives reportedly accuse of receiving funds without fulfilling contractual obligations. The petition alleges irregularities and possible dishonesty in how the funds were handled and the gold was (or was not) supplied.
The case highlights broader concerns about transparency and reliability in some parts of Ghana’s gold trade sector, where large transactions can involve complex arrangements between local dealers and foreign buyers. Sources say the matter is now under review by Ghanaian investigators as they seek to establish whether any laws were breached.
No official statement has yet been issued by the Ghana Police Service or judicial authorities about arrests or charges connected to the petition. Further updates are expected as the investigation progresses.
