Businessman granted GH¢300,000 bail for alleged electronic fraud

A 35-year-old businessman and a former staff of Golden Link Savings and Loans Limited in Accra, has been granted GH¢300,000.00 bail with four sureties by the Accra Circuit Court “4”, for allegedly engaging in electronic fraud.

 

Mr. Annybert Affum Larbi, who was in charge of Electronic Banking (E-Banking) Unit of the savings and loans company, allegedly falsely created two E-zwich merchants and clients accounts, and electronically transferred a total amount of GH¢ 290,000.00 into four persons’ teller merchant accounts, and succeeded in withdrawing the money belonging to the company.

 

The accused denied all the two charges of obtaining electronic payment medium falsely and fraudulent electronic fund transfer, preferred against him by the police.

 

The judge, Mr. Emmanuel Essandoh, however, granted him bail to appear again on October 2, 2018, for continuation, and instructed that two of the four sureties should be public servants.

 

Relaying the facts to the court, Deputy Superintendent of Police (DSP) Man-Anit Sampana said that the accused used his position as the in-charge of E-Banking to perpetuate the fraudulent act.

 

The court heard that accused generated Automated Teller Machine (ATM), GH-LINK

E-ZWICH and Visa cards, which he used for withdrawals.

 

According to the prosecutor, the company undertook an audit with regard to

the operations of accused between August, 2017, and March, 2018, and detected

that he (accused) had created two E-zwich merchants’ payment platforms using the

names of Owusu Matti (Teller Merchant), Lamptey Fred (Teller Merchant), Akoto Fred

(client), Mahamadu Seth, also a client, and transferred money into these fake accounts

for withdrawal.

 

DSP Sampana said that Mr. Larbi started withdrawing money from the various accounts

by using GT Bank ATM Host on August 5, 2017, and records revealed that he made a

total of 116 transactions or withdrawals amounting to GH¢290,000.00.

 

The court heard that the two clients’ accounts had the balance of  GH¢21,957.75 and

GH¢139,719.75, totaling GH¢161,677.50.

 

The case was reported to the police leading to the arrest of accused, who admitted

the offence during investigation, according to the prosecution.

By Castro Zangina-Tong        

 

 

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