Businessman behind failed PDS slapped with lawsuit over GH¢2.2m

CEO of Santa Baron Ventures, Kwabena Boateng Aidoo

A businessman whose company was among the consortium of companies behind the failed Power Distribution Service (PDS) has been sued over the sum of GH¢2,220,000 being money allegedly belonging to another business tycoon, Winfred Kumah Apawu.

In a suit filed Thursday, Kwabena Boateng Aidoo who is the Chief Executive Officer of Santa Baron Ventures Limited is said to have received the money to be held in trust for Mr Apawu.

The money came from a land transaction between Mr Apawu and a company represented by one Chris Hesse-Tetteh.

During the transaction for the sale of the land, Mr Apawu in the suit said he was then out of the jurisdiction of Ghana and asked monies to be transferred into Mr Boateng Aidoo’s account at CAL Bank with his consent until his return.

“1st Plaintiff avers that the said funds which is consideration for the said land has since been locked up with Defendant company and its Chief Executive Officer has since been avoiding 1st Plaintiff and deliberately holding on to same without just cause,” the writ filed at the High Court in Accra read.

Mr Apawu claims that as a result of the dodgy attitude of Mr Boateng Aidoo he had been left with no option than to go ahead to execute the land transaction on behalf of the purchaser since he was the one who directed the monies to be paid into the bank account of Santa Baron Ventures Limited.

“1st Plaintiff avers that it has become extremely difficult since part of the consideration for the land was to help him execute the necessary documents leading to the transfer of the land to 2nd Plaintiff and he has been threatened with legal action for the delay in ensuring same on several occasions,” the writ said.

In line with the difficulties he has been plunged into, Mr Apawu is asking the court to order full recovery of the GH¢2,220,000 being the money paid into the defendant’s account by the second plaintiff held in trust for the 1st plaintiff.

He is asking the money to be returned with an interest pegged at the prevailing bank rate on the said amount as well as damages for breach of contract.

Read the full suit below:

Leave a Reply

Your email address will not be published. Required fields are marked *