Business News of 2014-01-20

GCB provides update on recent incident

The Ghana Commercial Bank (GCB) has assured its cherished customers and the general public that it has made "good progress with intelligence gathering" concerning a recent incident that occurred at some of its branches.

A statement issued by the Management of the bank and copied to the Ghana News Agency, said further arrests have been made of some persons (including customers) suspected to be part of a syndicate.

The statement said, by virtue of their roles, or job functions at the bank, some members of staff have also been invited by the Economic and Organized Crime Office to assist in investigations.

It observed that “further to our response to the media comments on January 7, captioned “GCB responds to media publication,” we would like to update our numerous customers and the general public that we have made good progress with intelligence gathering.”

The statement assured the public that GCB remains vigilant in its monitoring and controls, to ensure the early detection of such fraudulent activities as demonstrated in this case.

“We would again like to thank all our whistle-blowers and informants for reporting this incident and for their continued collaboration with the Bank and law enforcement agencies throughout this investigation,” the statement added.