Prince Tagoe’s $40,000 auto fraud case: Court orders him to pay GH₵10 per dollar

An Accra Circuit Court has ordered Prince Tagoe, a former Black Stars player, to pay GH₵10 per dollar in the auto fraud case.

Tagoe has so far refunded $21,000 (GH₵210,0000) cedi equivalent, leaving a balance of $19,000.

However, when the matter was called, Tagoe contended that he was going to refund the money based on the year 2021 dollar rate.

The prosecution led by Detective Chief Inspector Agartha Abena Asantewa opposed Tagoe’s request, saying the money given by the complainant to him (Tagoe) was in dollars.

According to the Prosecution, they have pegged one dollar at GH₵10, adding that was not the current rate on the forex market.

Prince Tagoe is accused of defrauding Blacks Stars Assistant Coach, George Boateng of $40,000.

He is alleged to have collected the money under the guise of importing a Lexus sports utility vehicle for the Assistant Coach.

Charged with defrauding by false pretences, Tagoe has denied the offence but has made payments of GH¢20,000, GH¢70,000 and GH¢71,000, respectively.