3 Indians arrested for gold smuggling

Three Indian nationals have been arrested for suspected gold smuggling.

The suspects are Goutam Katriya, 35, Miraj Sarvaych, 22, and Manash Damani, 42. They reportedly traded gold in Kumasi and Accra for Unique MM. This company is allegedly owned by Musah Salifu.

The arrests occurred at a private residence near Atinga Junction in Kumasi. A whistleblower tipped off authorities about their activities. The suspects were buying gold at "black market" rates for smuggling.

On Monday, April 28, they appeared before the Achimota Circuit Court. They were remanded into custody for two weeks. They will remain with the National Intelligence Bureau until May 12, 2025.

Chief Superintendent Osman Alhassan announced the recovery of significant items during a press conference. Authorities seized GH₵1.9 million, 4,500 rupees, and 4.363 kilograms of gold. They also found two counting machines, a CCTV recorder, and an Indian passport.

Preliminary investigations show none of the suspects have valid licenses to trade in gold in Ghana. Despite trading for over ten years, they lack residence permits or tax records.

Musah Salifu is believed to be a front for Goutam Katriya. Katriya is thought to be the actual owner controlling Unique MM.

Chief Superintendent Alhassan warned against violating Ghana's Gold Board Act regulations.

This arrest follows a directive from Goldbod for all foreigners in gold trading to exit by April 30, 2025.

All gold transactions must occur in Ghana cedis at the Bank of Ghana Reference Rate. Violating these directives will result in penalties under the GoldBod Act of 2025 (ACT 1140).