Bank Relationship Manager granted GH¢12m bail in alleged client account theft case
The accused, Christopher Arthur, denied the charge when he was arraigned before the court presided over by His Honour Eyram Fumey.
A bank relationship manager has appeared before an Accra Circuit Court accused of stealing GH¢12 million from the account of a businessman whose funds he was assigned to manage.
The accused, Christopher Arthur, denied the charge when he was arraigned before the court presided over by His Honour Eyram Fumey.
He was granted bail in the same amount allegedly stolen, GH¢12 million, with four sureties. Three of those sureties must be justified.
The prosecution did not oppose the bail application, which was moved by defence counsel led by Samuel Laryea. The court has also directed the prosecution to file its disclosures before the next sitting, with the case adjourned to 26 May for a case management conference.
According to the prosecution, the complainant is a businessman who opened three accounts at the Haatso branch of the bank in 2023. Those accounts, linked to his company, were placed under Arthur’s management in his role as relationship manager.
The case took shape in January 2026, when the complainant reportedly noticed unusual activity on the accounts and began making enquiries. Prosecutors say he later discovered that GH¢12 million had been siphoned from them and came to suspect Arthur.
Police told the court that when the matter began closing in on him, Arthur allegedly generated a fake internal bank statement in an effort to mislead the complainant. That document, investigators say, was later found to be falsified.
The prosecution further stated that Arthur then made partial repayments, first returning GH¢94,000 in cash and later an additional GH¢1,195,900.
A formal complaint was made to police at Baatsonaa on 25 March 2026, leading to his arrest.
During investigations, prosecutors say, Arthur admitted the offence and told police the scheme began in April 2025 with help from other individuals based in Kumasi. Investigators allege that money was moved through accounts connected to those persons.
Police also told the court that part of the stolen funds was used for online sports betting, with about GH¢600,000 said to have been spent on SportyBet.
Assets believed to have been bought from the proceeds have been retrieved, including a Toyota Corolla, a Hyundai Elantra, an Apple laptop and cash amounting to GH¢481,800.
Investigators say they have also identified other bank accounts allegedly used in withdrawing large sums from the complainant’s funds and are seeking further court orders as they pursue possible accomplices.
