Directors of JG Resources Limited, including Kwaku Appiah Yeboah and Papa Yaw Owusu-Ankomah, are facing intensified scrutiny after investigations into a US$17 million gold deal with Turkish firm Tayvest-FZCO uncovered alleged discrepancies and suspicious documentation.
Police and security sources say the matter has become highly contentious, with JG Resources and its principals reportedly presenting themselves to the Turkish firm as victims of fraud and money laundering—claims investigators say are at odds with available documentary evidence.
According to the complaint lodged at the CID, Tayvest-FZCO transferred the funds through Access Bank Ghana for the supply of gold meant for export. Although some gold was delivered, investigators say the quantity did not correspond with the amount paid, raising suspicions beyond a mere commercial dispute.
The case has reportedly been complicated by the circulation of allegedly fake documents, which authorities believe may have been deployed to obscure the true flow of funds and misrepresent the nature of the transaction.
Sources say the involvement of Kuranchie Maame Akosua Asama, who previously worked with the Turkish firm on a project in Kumasi but is also linked to JG Resources, has further deepened investigative interest.
Beyond law enforcement, The Herald has learnt that Tayvest-FZCO has engaged National Security in efforts to retrieve the funds, underscoring the scale and sensitivity of the dispute.
With EOCO, the CID, and the courts now seized with different aspects of the case, investigators say a forensic audit of the entire transaction remains a key demand as parties battle over responsibility and liability.
