Accra: Two individuals accused of stealing GHS127 million from a company through unauthorized access to its computer systems have been remanded by the Accra Circuit Court. Wisdom Mandy, 30, and Dennis Kudzo Letsa, 29, whose pleas were not taken, are charged with conspiracy to commit crime, unauthorized access to a computer program or electronic record, stealing, obtaining an electronic payment medium falsely, and money laundering. The two are alleged to have acted with three others - Zakaria Karim Abdul, Kevin Arinze, and Issah Seidu - who are currently at large.
According to Ghana News Agency, the prosecution, led by Assistant Superintendent of Police Seth Frimpong, informed the court that the Police were still investigating the case and pursuing other individuals allegedly involved. The court remanded Mandy and Letsa into lawful custody and adjourned the case to September 22, 2026. The prosecution reported that the managing director of a company at Ashalley Botwe in Accra filed a complaint with the Police on August 31 after the company detected unauthorized transactions involving GHS127 million.
The prosecution described how the company discovered the transactions during a routine financial reconciliation, revealing that several transactions had occurred through its financial systems between August 23 and August 30, 2026. The funds were reportedly transferred into multiple bank accounts held with 12 financial institutions and into MTN Mobile Money accounts. The accounts identified by investigators have since been frozen.
Investigations led to the arrest of Mandy, who operates Mando Pay, Hyfi Ventures, and BluePeak Enterprise. The court heard that substantial amounts of the allegedly stolen funds were credited to accounts operated by Mandy's businesses, including GHS49.7 million, GHS19.3 million, and GHS4.98 million. After transaction limits on these accounts were exhausted, Mandy allegedly used Letsa's business account to receive additional funds, with GHS4.94 million deposited into Letsa's account under the name Klenda Trade Enterprise.
Letsa allegedly transferred the money to another business account, Zak AB Limited. The prosecution further alleged that GHS2.99 million was transferred into an account belonging to Mandy's former girlfriend, while Abdul allegedly received GHS39.2 million into an account. Seidu also allegedly received GHS1.13 million through a Mobile Money account. Mandy, in his caution statement, admitted receiving some of the funds and claimed he used them to purchase digital assets for Arinze, admitting to benefiting about GHS3 million from cryptocurrency transactions.
Letsa allegedly informed investigators that Mandy contacted him to provide his account for the receipt of funds, after which GHS4.94 million was deposited into his business account. Investigations established that Mandy, Letsa, and Abdul were friends and had attended the same university. The prosecution noted that investigations were continuing to trace other bank and Mobile Money accounts that might have received portions of the allegedly stolen funds and to identify other individuals who might have been involved.