Joy News has learnt that Kumasi-based business man, Kwabena Kesse, has been cleared of all charges relating to money laundering.

Managing Director of KESSBEN Group of Companies, was arrested last month for alleged money laundering and forgery of documents.

The owner of KESSBEN FM also in Kumasi was said to have siphoned an amount of one hundred and twenty-seven million, nine hundred and thirty one thousand, seven hundred and twenty-seven dollars and sixty-five cents ($127,931,727.65) and transferred same to unknown foreign destinations, using fake documentation, between January 2013 and February 2014.

His legal team led by Carl Adongo of Sory@Law, had insisted that his client, Kwabena Kesse was innocent of any wrongdoing, describing his arrest as a witch-hunting exercise.

He was later granted bail to the sum of GHÈ»350 million with four sureties, two to be justified. Mr. Kesse was also to deposit his passport with the registry of the court and to report once a week to the investigator.

But the Cocoa Affairs Court, Wednesday, August 20, 2014 at its hearing dropped all charges against Mr. Kesse, Counsel for the accused, a member of the legal team, Ohene Gyan confirmed to Joy News.

According Mr. Ohene Gyan, the decision to discharge his client was based on an advice from the Attorney General's Departmet.

Mr. Kwabena Kesse owns Kessben Group of Companies comprising Kessben 93.3 FM, Kessben TV, Kessben Travel and Tours, Kessben Driving School, Kessben Shipping and Forwarding Ltd, Kessben Computer School, Fosua Hotel and Aseda Clinic.

He is also the majority shareholder in Multi Credit Savings and Loans Ltd.