The timely intervention of management of Consolidated Bank Ghana (CBG) has led to the arrest of a staff of the bank accused of illegally transferring GH¢11.3million to two microfinance companies.
The suspect was arrested at the Kotoka International Airport when he attempted to leave the country. Police will arraign him before court today.
The suspect, who was a Relationship Officer at the Accra Main Branch of the erstwhile uniBank, was on interdiction accused of fraudulently transferring customer funds to the tune GH¢9.1 million to two microfinance companies.
His interdiction was the result of due diligence activities carried by the management of CBG on the erstwhile institutions it acquired during the Purchase and Assumption Agreement that was signed on August 1, 2018.
To ascertain the full facts, all suspected cases of fraud identified in the due diligence were to be reviewed.
During the review for erstwhile uniBank, it was discovered that a relationship officer at the Accra Main Branch had allegedly transferred customer funds to the tune of GH¢9.1 million fraudulently to two microfinance companies.
Further investigations were ordered by the management of CBG into the issue and it was discovered that the relationship officer in question had also allegedly transferred an amount of GH¢2.2 million belonging to four customers fraudulently to two microfinance companies.
A petition was sent to Financial Forensics Unit (FFU) of the Criminal Investigation Department (CID) of the Ghana Police Service which was handling the case to amend charges for the relationship officer in question to reflect the new illegal activities discovered.
Subsequently, a court order was obtained by the management of CBG through its security apparatus to prevent the said individual from travelling out of the country.
This court order was duly disseminated to the security agencies and border enforcement organisations in Ghana to be on the lookout for the suspect.
On November 17, 2018, the indicted relationship officer attempted to leave the country and was arrested by the security agencies at the Kotoka International Airport as per the court order obtained by the management of CBG.