The Deputy Attorney General, Justice Srem-Sai, has confirmed that Kofi Akpaloo, leader of the Liberal Party of Ghana (LPG), is under investigation for alleged fraud and other financial crimes.
Akpaloo is under probe for alleged financial crimes, including fraud, causing financial loss to the state, dissipation of public funds, and money laundering, Justice Srem-Sai has said.
He said preliminary findings suggest that Akpaloo may have been involved in questionable financial dealings, which prompted the ongoing probe. Adding that Akpaloo was granted police bail, set at GH¢10 million with two sureties, but the conditions have yet to be justified.
In an X post on Friday, September 5, Justice Srem-Sai stated that Akpaloo remains in the custody of the Economic and Organised Crime Office (EOCO) until the bail requirements are met.
“Suspect PERCIVAL KOFI AKPALOO is under investigation on allegations of various financial crimes, including fraud, causing financial loss to the State, dissipation of public funds, and money laundering. EOCO officials arrested him on Wednesday, September 3, 2025.
“He has, however, been granted police bail with the following conditions – GHC10 million bond with 2 sureties to be justified. The suspect remains in the custody of EOCO pending the fulfilment of the bail conditions,” he said.
Suspect PERCIVAL KOFI AKPALOO is under investigation on allegations of various financial crimes (including fraud, causing financial loss to the State, dissipation of public funds, and money laundering).
EOCO officials arrested him on Wednesday, September 3, 2025. He has,…
— Justice Srem-Sai (@JusticeSremSai) September 5, 2025
Akpaloo, who is also the founder of the Liberal Party of Ghana, has yet to publicly respond to the allegations.
