Philbro Group Limited, a Ghanaian conglomerate with interests in real estate, commodity trading, and vegetable oil bottling, has rejected allegations linking the company and its CEO, Philip Kwame Brobbey, to the sale of an allegedly stolen luxury vehicle to former National Signals Bureau Director-General, Kwabena Adu-Boahene.
Speaking in an interview with GhanaWeb TV in Oyarifa on Friday, August 1, 2025, Jeremiah Quayson, Director of Philbro Group, denied claims suggesting the company was involved in selling a BMW 740D vehicle at the centre of Adu-Boahene’s ongoing criminal trial.
“We do not trade in automobiles; this was a personal transaction between our CEO and Mr. Adu-Boahene. It had nothing to do with Philbro Group.”
Jeremiah Quayson accused the former Works and Housing Minister, Samuel Atta Akyea, who is representing Adu-Boahene in court, of “unfairly attempting to link” the company to the controversial vehicle sale.
“It is deeply regrettable that defamatory statements have emerged portraying Mr Brobbey as knowingly having sold a stolen car. These allegations have caused substantial reputational damage to him both in Ghana and internationally,” Quayson said.
He clarified that Brobbey lawfully acquired the BMW 740D locally from a Ghanaian car dealer and subsequently sold it to Adu-Boahene in August 2024, not December 2024 as previously reported.
“Before the sale, Adu-Boahene conducted due diligence and voluntarily proceeded with the transaction. Since then, Brobbey has had no dealings with him,” he noted.
Philbro Group revealed that it has initiated legal steps against Atta Akyea for what it describes as defamatory and misleading claims.
“We are giving lawyer Atta Akyea 72 hours to retract and apologise for the defamatory statements circulating on social media,” Quayson disclosed.
The group insists the matter was a private transaction by their CEO, not the company, and any attempt to implicate the firm is “unwarranted and misleading.”
Quayson urged the media and the general public to disregard the allegations, reaffirming that Philbro has no involvement in the automobile industry.
“There is no mention of automobiles in our company’s operations or on our website. Our focus is real estate, food processing, commodities, and humanitarian work,” he explained.
His comment follows a July 29 High Court directive by Justice John Eugene Nyadu Nyanteh, ordering investigators to furnish Adu-Boahene’s defence team with details regarding alleged stolen vehicles found in his possession.
Adu-Boahene, along with his wife Angela Adjei-Boateng and two others, is currently facing trial for allegedly diverting GH¢49.1 million meant for a national cybersecurity infrastructure project.
AM/SEA
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