Oil Dealer In Court Over Dud Cheque

The owner of Alsbridge Oil Company, who deals in petroleum products, has been put before an Accra circuit court for allegedly issuing a dud cheque to the tune of GH¢80,000 for the purpose of paying his creditors. Edwin Letsa Kpedo, a marketer, was put in a court presided over by M.E. Essandoh and charged with issuing false cheque; he denied any wrong doing. He has been granted bail in the sum of GH¢170,000 with two sureties, one to be a public servant earning not less than GH¢1,500 a month, while the case has been adjourned to September 14, 2015. The facts of the case as narrated by ACP Moses Atibillah, the prosecutor, are that the complainant is Nana Yaw Nkrahene, an accountant and boss of Frontiers Oil. According to him, the accused person owns Alsbridge and has one Emmanuel Amoako as one of his partners. He said between the months of June 2014 and September 2014 Edwin Kpedo ordered 234,000 litres of gasoline and 351 litres of gas oil with a value of GH¢2,015,181.44 and made a part payment of GH¢1,472,742.20. The prosecutor said on September 2014 the accused issued a cheque to the complainant with a face value of GH¢80,000 to be cashed at the Spintex Road branch of Stanbic Bank and when the complainant presented it for payment, it was not honoured because the issuer did not have that amount of money in his account. ACP Atibillah stated that the accused person had earlier given the complainant a cheque which was dishonoured for lack of adequate funds in the account so the matter was reported to the police and he was arrested. He said the Alsbridge Oil boss however, refused to write a statement saying he reserved the right not to write anything till the matter was in court.

Source: Daily Guide