27-year-old MD granted bail over alleged GH¢600k 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. Ahamad, 27, denied issuing the cheques. Madam Basilia Adjei-Tawiah, the presiding judge, ordered that one of the sureties be justified with either landed or movable property, […]
An Accra Circuit Court has granted 27-year-old Saif Ahamad, the Managing Director of Ali PVT Ghana Limited, a bail of GH¢150,000 with two sureties for allegedly issuing five fake cheques worth GH¢600,000. Ahamad denies any involvement. Judge Basilia Adjei-Tawiah mandated one surety to be worth landed or movable property and the other to be a salaried individual earning at least GH¢3,000.
Ahamad must also surrender his passport to the Court and report to a Police investigator every Tuesday between 0700 and 1400 hours. The case has been postponed until October 20, 2026, with the prosecution to prepare for a Case Management Conference. Ahamad's lawyer argued his innocence, lack of flight risk, and readiness to defend himself.
Police Chief Inspector Daniel Appiah Ofori explained that the complainant, Yahaya Umar Mohammed, a Sales Manager at Parthagyl Ghana Limited, reported the issue as Ali PVT Ghana Limited owed approximately GH¢7,049,340 for rice products supplied between 2024 and 2025. The cheques, issued on June 11, 2026, were returned unpaid due to insufficient funds, leading to Ahamad's arrest.
Written by urgent.news from Adom Online's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
