Mr. Mark Brown, a Real Estate Developer, was yesterday remanded in police custody by the Accra Circuit Court “One” for allegedly defrauding the United bank for Africa (UBA) an amount of GH¢121,250.00.
He was charged with forgery of document, altering forged document and defrauding by false pretense but he pleaded not guilty to all of them.
Chief Inspector Kwabena Adu, prosecuting, told the court, presided over by Mr. Aboagye Tandoh that the accused, a Real Estate Developer and a resident at Abokobi in the Greater Accra Region opened an account on August 12, 2008, at the UBA, Ring Road Central Branch with the particulars of a non-existing company called Gemini Consult and a cheque book was issued with the name of the company.
He said that Mr. Brown after opening the account failed to keep it active until January 1, 2014, when he deposited GH¢10.00 in the account and on the same date issued a cheque with serial number 059244 in the name of the non-existent Company (Gemini Consult) with face value GH¢121,250.00 to the GT Bank to be paid into his personal account.
Chief Inspector Adu said that there was a technical problem and for that reason UBA could not issue the pre-advice to GT Bank in time to alert it of the accused’s fraudulent deal.
He said that on January 17, 2014, the bank (UBA) restored its system and accordingly transmitted the pre-advice to the GT bank not to honour the cheque issued by the accused but it was too late as the amount of GH¢121,250.00 had already been paid into Mr. Brown’s personal account.
The prosecutor said that the accused quickly withdrew all the money as soon as it landed in his account and went into hiding thus compelling the Internal Auditor of UBA to report the matter to the police leading to the issuance of a warrant and subsequent publication of the accused’s photograph in a national daily newspaper.
On June 4, Mr. Mark Brown was arrested and put before court.
Mr. Tandoh remanded him in police custody until June 23, 2016, to enable the police continue with their investigations.
By Castro Zangina-Tong