The money was allegedly wired in small amounts through UMB for multiple withdrawal
But for the timely intervention of the Criminal Investigations Department, 12 fraud boys made up of Ghanaians and Nigerians would have bagged over 326 million cedis from their fraud.
MyNewsGh.com is unable to confirm exactly how they made the money from abroad and decided to wire it across many accounts including using Ghana’s Universal Merchant Bank UMB.
They wired 326 million cedis through UMB accounts, sharing it into smaller amounts and shared the money across various bank accounts of UMB for multiple withdrawals.
They did all of this by hacking into the banks system but the Bank noticed and alerted the CID who trailed the money and arrested the withdrawers.
All but one of them were arrested by the CID team who ambushed them one after the other and picked them up.
About GH¢1 million of the money had already been withdrawn from some of the accounts through Automated Teller Machines (ATM) in Dubai in the United Arab Emirates using internationally accepted credit cards, even before the case was reported to the Police.
The suspects who have been processed for court are expected to reappear in court on August 9, 2018 to assist police conduct further investigations into their financial crime.
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