An Accra Circuit Court has begun hearing the case of a Relationship Manager with Guaranty Trust Bank (GTBank), Christopher Arthur, who is accused of allegedly stealing approximately GH¢12 million belonging to a client and misappropriating a portion of the funds on online sports betting.
The accused is facing charges of stealing and financial misconduct following investigations into alleged unauthorized transactions carried out on multiple corporate accounts under his management.
Court documents indicate that Christopher Arthur, who served as a relationship manager at GTBank’s Haatso branch in Ghana, was entrusted with managing the accounts of a businessman who opened three corporate accounts in 2023.
Prosecutors allege that between April 2025 and March 2026, the accused exploited his position to divert funds from the client’s accounts without authorization. The total amount allegedly siphoned is estimated at GH¢12 million.
The alleged fraudulent activity reportedly went undetected for several months until discrepancies were discovered in the account statements.
One of the central claims in the case is that part of the diverted funds approximately GH¢600,000 was allegedly spent on online sports betting platforms.
Investigators say the accused used the stolen money for personal gains, including betting activities, while also transferring portions of the funds through various channels to conceal the transactions.
The alleged fraud came to light in early 2026 after the account holder noticed irregular deductions and reported the matter to the bank and law enforcement authorities.
Subsequent investigations reportedly revealed a pattern of unauthorized withdrawals and attempts to conceal the movement of funds through falsified financial records.
Authorities also allege that the accused initially attempted to mislead the client when confronted before the case escalated to formal investigations.
Reports presented in court suggest that the accused later made partial restitution, refunding over GH¢1.2 million after pressure from investigators.
Despite this, the alleged total loss remains substantial, prompting continued investigation into the full extent of the missing funds.
Christopher Arthur was subsequently arrested and charged. He has pleaded not guilty to all charges.
The Accra Circuit Court granted the accused bail set at GH¢12 million with four sureties, three of which must be justified. The case has been adjourned for further hearing as prosecutors continue efforts to trace additional funds and determine whether other individuals were involved.
Authorities are still investigating the movement of funds and potential accomplices linked to the alleged scheme. Law enforcement officials are also examining whether other accounts or financial institutions were used to facilitate the transactions.
The case remains ongoing, and the accused is presumed innocent until proven guilty by a court of competent jurisdiction.