National Organizer of the opposition National Democratic Congress(NDC), Kofi Adams has told the Accra Circuit Court that he loaned GHc840,000 to a man who defrauded him because he trusted him.
Mr. Adams who had no contractual agreement with the accused Arnold Asante, CEO of Kamsak Limited Ghana said he gave out the money to the accused based on the trust that he had in him and the fact that he previously dealt with the accused in 2010 and 2011.
He further stated that he did not see any contract document from Mr. Asante confirming that the latter had won a contract before he loaned him the huge sum of money.
This was after Lawyer George Bonney, who’s counsel for the accused, Mr Asante pushed Mr Adams further in a cross-examination.
Mr Adams during the last hearing told the court that he gave the accused Mr Arnold Asante, CEO of Kamsak Limited Ghana, GH 840,000 in December 2016 to be repaid in three months.
He tendered in some WhatsApp messages between himself and the accused as an evidence in court.
Mr Asante is alleged to have defrauded Mr Adams of GH¢840,000 under the pretext of using the money to pre-finance tyres supply contract secured from Goldfields Mining Ghana at Tarkwa and pay same, but refused to do so.
The case adjourned to Jan 23, for continuation of cross examination.