After 10 years, Ghana Chemicals MD Jacob Mawuli Setsoafia is vindicated. Accra High Court rules no case to answer in ethanol forgery and stealing trial.
For Mr. Jacob Mawuli Setsoafia, Managing Director of Ghana Chemicals Company Limited, Tema, 12th October 2023 was the day his name was finally cleared.
The Accra High Court, presided over by Justice Mary M. E. Yanzuh, acquitted and discharged him in the long-running case, The Republic vrs Jacob Mawuli Setsoafia & Others.
The case stemmed from a 2013 sale and purchase agreement between Ghana Chemicals Company Limited and Kijani Resources Ghana Limited over 4,000 barrels of ethanol alcohol imported from India through Tema Port.
The prosecution alleged that an insurance bond presented by Ghana Chemicals was fraudulent, and that the ethanol was later stolen after forged letters were presented to the Ghana Revenue Authority, Customs Division.Mr. Setsoafia pleaded not guilty to all charges.At the close of the prosecution’s case, the court found that the evidence presented — from just two prosecution witnesses — did not establish a prima facie case against him.Under Ghanaian law, where the prosecution fails to establish a prima facie case, the accused cannot be called upon to defend himself.
The court therefore acquitted him under Section 173 of Act 30.Business Impact:
The acquittal restores the reputation of Mr. Setsoafia and Ghana Chemicals Company Limited, one of Ghana’s leading traders in ethanol alcohol and industrial chemicals, and clears the way for the company to continue its operations without the cloud of criminal proceedings.Keywords: Ghana Chemicals Company Limited, Jacob Mawuli Setsoafia vindicated, Jacob Setsoafia acquitted, Ghana Chemicals MD, Kijani Resources case
Hashtags: #GhanaChemicals #JacobSetsoafia #BusinessNewsGhana #Tema #Vindicated
