Admire Bio and Husband Arraigned on Alleged US$400,000 Gold Fraud Charges
Admire Bio-Jalloh and her husband, Dauda Jalloh, popularly known as Dausy, have been formally arraigned before Magistrate Mustapha Brima Jah at the Pademba Road Magistrate Court on allegations of fraud involving more than US$400,000.
The prosecution alleges that the couple conspired to defraud Italian nationals Alfio Siracusa and Fanni Giuseppe between August 10 and 14, 2025, by falsely representing that they operated a licensed gold trading company known as GAN Minerals Sierra Leone Limited. It is alleged that the complainants paid in excess of US$400,000 for gold purchases, export taxes, and related transactions but did not receive the promised goods or services.
The accused face 11 criminal charges, including:
* Conspiracy to defraud;
* Obtaining money by false pretences, contrary to the Larceny Act, 1916;
* Money laundering under the Anti-Money Laundering Act, 2024;
* Forgery and uttering forged documents;
* Unauthorized sale of minerals under the Mines and Minerals Development Act, 2022; and
* Tax evasion under the Income Tax Act, 2000.
The indictment further alleges that the defendants unlawfully sold approximately three kilograms of gold bars without the required legal authorization and retained proceeds derived from the alleged fraudulent transactions while evading applicable taxes.
The court granted bail to both accused in the sum of US$500,000 each, with two sureties in like amount. As part of the bail conditions, one surety must provide a property title valued at US$500,000, the defendants must deposit conveyance property worth US$200,000, surrender their travel documents, and report to the court three times weekly until the conclusion of the proceedings.
The matter has been adjourned to July 9, 2026, for further hearing.
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