Excused PPA CEO makes sense of the large numbers in his ledgers
The excused CEO of the Public Procurement Authority (PPA), Adjenim Boateng Adjei, has ended his quietness on the large numbers of cash stored into his ledgers inside the over two years he was in office.
As per his legal counselors, "the figures being circled around is just an all out turnover of inflows with comparing surges."
A.B. Adjei was busted in the "Agreements available to be purchased" examination by The Fourth Estate's Editor-in-Chief, Manasseh Azure Awuni, in August 2019. An organization he claimed with his brother by marriage, Talent Discovery Limited, was uncovered as winning confined offering government agreements and offering to different organizations and people without the endorsement of the granting state substances.
President Nana Addo Dankwa Akufo-Addo suspended him and alluded the make a difference to the Commission on Human Rights and Administrative Justice (CHRAJ) and the Office of the Special Prosecutor (OSP) for additional examinations.
In 2020, the president excused A.B. Adjei after the CHRAJ examinations viewed him to be blameworthy of irreconcilable circumstance, unexplained riches and breaks of the acquirement regulation.
CHRAJ suggested Mr Adjei's excusal and prohibited him from serving in a position of authority for quite some time. He pursued the boycott at the high court and lost.
In 2022, the Special Prosecutor charged Mr. Adjei and his brother by marriage, Francis Kwaku Arhin, with 18 counts of acquisition related defilement.
CHRAJ likewise uncovered that the aggregate sum saved into Mr. Adjei's records since he accepted office in 2017 remained at GHc14.8 million.
"We track down the Respondent's [Mr. Adjei's] clarification totally unsuitable and that he was unable to make sense of the wellspring of the huge volumes of overabundance abundance that went through his ledgers between March 2017 and August 2019 (unexplained riches)," CHRAJ's report said.
The Special Prosecutor at that point, Martin ABK Amidu, delivered a press explanation wherein he praised CHRAJ for its report.
"The main issue with the CHRAJ report is that for reasons unknown it downplays the sums uncovered by the bank proclamations from the three ledgers of Mr. Adjei comprehensively investigated by the Auditor-General and this Office," Mr Amidu said.
The Special Prosecutor revealed that from 2017 to August 19, 2019, Mr. Adjei had 15,691,559.30 Cedis, USD 4,467,655 and 54,500 Euros saved into his three ledgers.
Both CHRAJ and the Special Prosecutor at the time expressed preceding expecting office, the sums kept into Mr Adjei's records were irrelevant when contrasted and what went into his record during his time in office.
Truth be told, the CHRAJ Report said "the Respondent [Mr. Adjei] opened USD Account Number 9040002473180 at the Stanbic Bank on 03 April 2017, after his arrangement as CEO of PPA."
In a reply shipped off The Fourth Estate, what broke the story, A.B. Adjei's legal counselors, Oriental Law Consult, made sense of how the large numbers of cedis got into his record.
"We are additionally educated that the distribution tried to make a wrong impression that, our client had a huge number of cedis in his own records when the realities plainly show that, the figures being circled around is just a complete turnover of inflows with comparing surges. For example, an underlying ¢100,000 store can be turnover into millions throughout some undefined time frame by withdrawals and yet again keeping of same," the legal counselors said.
The OSP got the courts to freeze A.B. Adjei's records toward the start of its examinations yet he later got the courts to defreeze the records and he pulled out the cash.
Responding to The Fourth Estate's story on the withdrawal of assets from his records, the legal advisors for Mr. Adjei said, " The said distribution which tried to propose that, our client had a large number of cedis sitting in his record and had gone to pull out same disastrously is substantially misleading and commensurate to making our client powerless against assaults that could put his life in extreme danger."
"Our client has consistently directed his undertakings inside the ambit of the laws of Ghana and has reliably been directed by resolution and standards in the release of his obligations during his residency in office," the response said.
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