A Turkish firm, Tayvest-FZCO, has petitioned the Criminal Investigations Department (CID) of the Ghana Police Service following the collapse of a US$17 million gold transaction, triggering allegations of fraud, document manipulation and conflicting claims of victimhood.
Sources familiar with the matter say the complaint was filed before Christmas last year and relates to funds paid for a substantial consignment of gold intended for export to Dubai, United Arab Emirates.
Named in the petition are JG Resources Limited, its Chief Executive Officer Kwaku Appiah Yeboah, and director Papa Yaw Owusu-Ankomah. Also mentioned is Kuranchie Maame Akosua Asama, a woman alleged to have played a dual role in the transaction.
Company documents sighted indicate that JG Resources Limited was incorporated on 7 April 2025 and received the full US$17 million payment from Tayvest-FZCO barely two months after registration, a timeline investigators say has raised serious red flags.
While some quantity of gold was reportedly delivered, police sources say it fell significantly short of what was paid for. Repeated attempts by Tayvest-FZCO to recover the outstanding gold or secure a refund are said to have failed.
Investigators are also examining claims that questionable or forged documents were used to misrepresent the transaction, complicating the probe and heightening concerns within law enforcement circles.
The case has since attracted the attention of multiple state agencies, including the Economic and Organised Crime Office (EOCO), with aspects of the dispute already before the courts as further legal action looms.
