Twelve persons in UMB GH326Million Scam granted bail

Accra, A Twelve persons allegedly involved in the Universal Merchant Bank GH326million scam have been granted bail by an Accra Circuit Court.

The accused are said to have between July 22 and 23, this year, transferred over One Million cedis of the amount into 18 separate bank accounts which they had created with the bank.

They are alleged to have succeeded in withdrawing GH278,000 out of the huge amount using visa cards and mobile money accounts.

Appearing before the court presided over by Mrs Janet AkweleyQuaye for the second time, the accused have been admitted to GH400 million bail each with four sureties each, one of the sureties is to be justified.

The accused some of who are foreigners have been ordered by the court to deposit their passports or any form Identity Cards card with the court’s Registry.

The 12 accused persons have pleaded not guilty to conspiracy to commit crime to wit stealing and stealing.

They are to reappear on August 28.

The accused are believed to be part of a wide network of cybercrime syndicate comprising Ghanaians and Nigerians.

Their activities were detected by the bank which blocked them and subsequently caused their arrest. Efforts are being made to apprehend five more of them.

The bank had detected that all the accounts that the moneys was credited to were all single-purpose accounts opened purposely to receive the stolen money and UMB quickly flagged all the accounts.

Lawyers of the accused prayed the court for bail noting the real perpetrators were on the run and that the accused persons have not withdrawn a penny of the said amount stated.

The management of Universal Merchant Bank (UMB) last month issued a statement that it had successfully thwarted a cyber-attack on its systems by some miscreants, who attempted to hack into its systems.

It said the operation, which was done in collaboration with the Ghana Police Service, led to the arrest of members of the syndicate who are currently in police custody assisting in further investigations.

Source: Ghana News Agency