Eric Agyeman has been jailed for defrauding the UK government of £375,000
A UK-based Ghanaian, Eric Agyeman, has been found guilty and convicted by the government for defrauding the state using COVID-19 bounce-back loans.
Eric Agyeman, 46, was sentenced to two years and two months in prison at the Old Bailey on Tuesday, September 9, 2025, in London for defrauding the government of £130,000 and money laundering.
Per a report by Graphic Online, sighted by GhanaWeb on September 14, 2025, Eric Agyeman admitted to the fraudulent activities, adding that he secured the amount in three separate loan applications for DOK Logistics UK Ltd, a company that never traded.
Investigations conducted by the Insolvency Service revealed that Eric fabricated his company’s turnover figures of up to £375,000 to secure the loans.
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According to the lead investigator, David Snasdell, Agyeman used more than £40,000 of the defrauded money to ship goods from the UK to an associate in Ghana, who also sold them and returned commission payments.
Chief investigator Snasdell added that proceeds of the goods shipped into Ghana were brought to the UK in cash by travellers.
“Eric Agyeman brazenly exploited a scheme designed to help struggling companies during the pandemic for his own personal gain, using the funds for a business operation in Africa. Agyeman’s admission that he simply ‘made up’ turnover figures shows a complete disregard for the taxpayer-funded support that was meant to keep legitimate businesses afloat,” he said.
The Insolvency Service added that, despite the passing of more than five years since the start of the pandemic, it remains committed to pursuing individuals who unlawfully benefited from government Covid schemes. Officials are now seeking to recover the fraudulently obtained funds under the Proceeds of Crime Act 2002.
The state also noted that Eric Agyeman has been disqualified from serving as a company director for five years.
JHM/BAI
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