Manhyia South Member of Parliament, Nana Agyei Baffour Awuah has been charged with three offences arising from an investigation into financial transactions involving SIC Life Savings and Loans.
The charges, filed by the Office of the Attorney-General at the High Court’s Specialised Jurisdiction Division in Accra, include conspiracy to commit a crime, intentionally causing financial loss to a public body and money laundering.
According to the prosecution, the case centres on a judgment debt owed to SIC Life that had risen to about GH¢14.85 million by May 2024.
The State alleges that the debt was later settled for GH¢5 million under terms agreed between SIC Life, Equity Savings and Loans and Eco Swiss Investment Limited.
Prosecutors further allege that the settlement resulted in a potential loss of GH¢9.85 million to SIC Life, while Mr Awuah’s law firm received GH¢2.2 million in legal fees.
The money laundering charge relates to an alleged GH¢1 million transfer to the then Managing Director of SIC Life in November 2024. The prosecution says the MP issued a cheque for the amount but has not provided investigators with an explanation for the payment.
Mr Awuah has denied wrongdoing and pleaded not guilty to all three charges. His lawyer, Samuel Atta Akyea, has maintained that his client’s involvement in the matter arose from legitimate legal work undertaken for SIC Life.
The MP was granted GH¢10 million bail with two sureties after his arraignment. The court also ordered him to surrender his passport and remain available to EOCO when required.
The case is scheduled to continue through the court process, and the allegations against Mr Awuah have not been proven.
