Managing Director on GH¢150,000 bail over five dud cheques
An Accra Circuit Court has granted the Managing Director of Ali PVT Ghana Limited, Saif Ahamad, GH¢150,000 bail with two sureties for allegedly issuing five dud cheques valued at GH¢600,000. The post Managing Director on GH¢150,000 bail over five dud cheques appeared first on Ghana Business News .
On June 11, 2026, the complainant, Yahaya Umar Mohammed, a Sales Manager at Parthagyl Ghana Limited, contacted Saif Ahamad, the Managing Director of Ali PVT Ghana Limited, regarding an outstanding debt. Ali PVT Ghana Limited had previously purchased goods from Parthagyl Ghana Limited, valued at approximately GH¢7,049,340.
Ahamad, on behalf of his company, issued five cheques (numbers 000189, 000190, 000191, 000192 and 000193) to the complainant in an attempt to settle the debt. However, these cheques were dishonoured because the account did not have sufficient funds. The complainant subsequently reported the matter to Manet Police Station, leading to Ahamad's arrest.
The court granted Ahamad GH¢150,000 bail with two sureties. One of the sureties must be a salaried worker earning at least GH¢3,000, while the other must be justified with either landed or movable property. Ahamad was also ordered to deposit his passport with the court's registry and report to a Police investigator every Tuesday between 0700 and 1400 hours. The case has been adjourned until October 20, 2026, with the prosecution directed to prepare disclosures for a possible Case Management Conference.
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Also reported by 1 other outlet
- Managing Director on GH¢150,000 bail over five dud cheques myjoyonline.com
