The Office of the Special Prosecutor (OSP) has carried out searches at the Trassaco residence of businessman Nana Yaw Duodu, popularly known as Dr. Sledge, and at the East Legon offices of Goldridge Company Limited.
The operations form part of ongoing investigations into alleged corruption linked to the Minerals Income Investment Fund (MIIF) gold trade programme.
According to a statement on the OSP’s official social media pages, the searches were conducted under warrants issued by the High Court in Accra.
Nana Yaw Duodu is being investigated for suspected corruption and corruption-related offences connected to the MIIF gold trade, which is alleged to have caused a financial loss of about US$94 million to the state.
During the operation, the OSP’s Asset Recovery and Management Team reportedly seized several luxury vehicles, jewellery, firearms, and documents linked to landed properties believed to be connected to the investigation.
The OSP stressed that the searches are part of its broader mandate to recover state assets and prosecute individuals involved in corruption or misuse of public funds.
In September, Dr. Sledge was detained by the OSP after failing to meet bail conditions. It is alleged that over US$94 million was lost to the state due to Goldridge Refinery’s failure to honour trade settlements under the Gold for Forex and Gold for Oil initiatives.