The Economic and Organised Crime Office (EOCO) has confirmed the arrest of Mr. Percival Kofi Akpaloo, who is currently under investigation for multiple financial crimes, including fraud, causing financial loss to the State, dissipation of public funds, and money laundering.
The development was disclosed by Deputy Attorney General (DAG), Dr. Justice Srem Sai, in a Facebook post on Friday. According to Dr. Sai, the suspect was taken into custody by EOCO officials on Wednesday, September 3, 2025.
Mr. Akpaloo has since been granted police bail, with conditions including a GH¢10 million bond and two sureties, both of whom must be justified. Despite the bail offer, he remains in EOCO custody as the bail conditions are yet to be met.
Authorities have not yet provided further details on the specific nature of the alleged crimes or the timeline of the investigation. However, sources close to the case indicate that the allegations involve significant financial improprieties connected to state resources.
Dr. Justice Srem Sai emphasized in his statement that the investigation is ongoing and assured the public that the legal process will be followed diligently.
This is a developing story. More updates to follow as details emerge.
