Seven persons arrested for allegedly dealing in illegal transfers

Accra, Feb. 6, GNA- Seven officials of three organisations have been arrested by the Commercial Crime Unit (CCU) of the Criminal Investigations Department (CID) of the Police for operating a syndicate dealing in illegal transfer of money from overseas without licence. The act is in contravention of the Non Banking Financial Regulation of the Bank of Ghana, an official of the CCU has said.

The organisations are Homeserve Services, Sallysel Enterprise and Telecash Financial Services.

Mr Ken Yeboah, head of the CCU told the Ghana News Agency in an interview that following police investigations, his outfit contacted their agents in Europe who transferred moneys through these operators and this enabled the police to police to arrest them.

He gave the names of those arrested as Mohammed Sly, Osmanu Harruna, Selina Boama, Yaw Atta, Amidu Bunsu, Isaac Denkyira and Grace Adumatta.

He noted that in the case of Telecash they were arrested for operating at premises without a permit from the Bank of Ghana. Mr Yeboah said 89 million cedis and 4,000 Pounds Sterling were seized from the operators.

He said that it was illegal for any organisation to deal in financial transfers without approval from the Central Bank. He noted that most of these operators paid in foreign currencies against the rules of the Bank of Ghana.

Mr Yeboah said by their operations, they created shortages of foreign exchange in the economy especially since the government and the BoG could not monitor them.

He advised the public to desist from dealing with any of these organisations since they operate illegally.