Chairman Wontumi Released on Bail Amid Ongoing EOCO Money Laundering Probe

/ Ghanaian politician Bernard Antwi Boasiako, popularly known as Chairman Wontumi, walks free after meeting GHC50 million bail conditions, but remains under investigation for alleged financial crimes.

੦ Wontumi Released: Granted bail of GHC50 million with two sureties to be justified.

੦ Criminal Probe Continues: Under investigation for money laundering, fraud, and causing financial loss to the state.

੦ International Angle: EOCO working with global law enforcement on wider organized crime links.

੦ Supporters Jubilant: Cheers and party slogans greet his release at EOCO headquarters.

Chairman Wontumi secures bail as EOCO continues its probe into alleged money laundering
and financial misconduct.

Chairman Wontumi, real name Bernard Antwi Boasiako, has been released on bail following his arrest and intense interrogation by the Economic and Organised Crime Office (EOCO). His lead counsel, Andy Appiah-Kubi, confirmed to journalists on Monday, June 2, 2025, that Wontumi had met all bail conditions and is now out of EOCO custody.

“Chairman Wontumi has been released. He is here with me,” Appiah-Kubi said, standing beside the embattled Ashanti Regional Chairman of the ruling New Patriotic Party (NPP).

Wontumi’s release sparked jubilation among party faithful who had gathered at the EOCO premises, chanting slogans and showing public support.

The controversial NPP figure had been granted bail last week in the sum of GHC50 million with two sureties — both to be justified. However, delays in fulfilling the bail conditions extended his stay in EOCO custody until his eventual release.

Although EOCO has not filed formal charges, Deputy Attorney-General Dr Justice Srem Sai revealed in a Facebook post that Wontumi is being investigated for multiple financial offences, including:

        ੦ Fraud

        ੦ Money laundering

        ੦ Causing financial loss to the state

READ ALSO: Chairman Wontumi Still in Custody as NPP Withdraws Application to Vary GH¢50m Bail Conditions

Dr Srem Sai further disclosed that Wontumi is involved in a second line of investigation related to a larger international organized crime scheme. EOCO is said to be collaborating with international law enforcement agencies as part of this wider probe.

“The criminal investigation is running concurrently with asset recovery processes – to prevent further dissipation of what law enforcement agencies strongly suspect to be proceeds of crime,” the Deputy AG wrote.

This revelation raises serious legal implications for Wontumi, who, despite his freedom for now, remains under heavy scrutiny from both domestic and international anti-crime agencies.

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