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Full Petition: Swiss Oil Trader drags two Ghanaian petroleum companies to EOCO over alleged $94 million fraud

June 25, 2025
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Alberto G. Salsiccia, Chief Financial Officer of Petraco Oil Company SA, has filed a complaint with the Economic and Organised Crime Office (EOCO) against Springfield Exploration & Production Ltd. and GMP Energy Ltd.

The complaint alleges a fraud scheme involving USD 94.35 million in losses, accusing the companies of fraudulent misrepresentation, criminal breach of trust, and concealment of financial transactions.

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Salsiccia has petitioned EOCO to investigate and prosecute the companies under the Economic and Organised Crime Office Act and the Criminal Offences Act.

Rainbowradioonline.com on June 23, 2025 published the story under the headline

Swiss Oil Trader drags two Ghanaian petroleum companies to EOCO over alleged $94 million fraud

The website, in its latest update on the story, is publishing exclusively the petition and other documents regarding the matter.

Below is the full petition filed against the two companies

In April 2025, the petitioner also submitted a formal request to the Ministry of Energy and Green Transition, seeking consent for the transfer of shares in Springfield Exploration and Production Limited.

Below is the request sent to the Ministry

By: Rainbowradioonline.com/Ghana

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