By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Starr FMStarr FMStarr FM
  • Home
  • Election Hub
  • General
    GeneralShow More
    A/R: EIB Network sweeps 3 GJA Excellence Awards
    October 26, 2026
    JUSAG notifies Labour Commission of intended indefinite strike on Nov. 2 over unpaid Salaries
    October 26, 2026
    We need proper legal framework and system to manage the housing levy effectively – GREDA
    October 26, 2026
    Africa’s economic challenges not solely caused by external powers – Dr. Ishmael Hlover
    October 26, 2026
    TOR inherited GH¢10bn in accumulated losses, US$517m debt – Managing Director
    October 26, 2026
  • Business
    BusinessShow More
    TOR inherited GH¢10bn in accumulated losses, US$517m debt – Managing Director
    October 26, 2026
    TOR targets 100,000-barrel daily capacity as Ghana eyes 70% local fuel supply
    October 26, 2026
    TOR records GH¢1.24bn profit in 2025 after decade of losses – Edmond Kombat
    October 26, 2026
    TOR helped shield Ghana from Iran conflict fuel disruptions – Kombat
    October 26, 2026
    TOR records 216% increase in product storage volumes between 2024 and 2026
    October 26, 2026
  • Politics
    PoliticsShow More
    NDC constituency elections: No credible evidence of vote-buying – Rashid Tanko Computer
    October 26, 2026
    Wontumi was the critical culprit In Tano Nimiri Investigations – Investigator tells Court
    October 26, 2026
    NDC braces for nationwide constituency polls as 15,000 aspirants vie for executive positions
    October 23, 2026
    NDC won’t shield suspended headmaster from sexual abuse probe – Kwetey
    October 23, 2026
    NDC Elections: Darlas Ampomah Williams cautions against aspirants with ‘vendetta’ agenda against MMDCEs
    October 23, 2026
  • Entertainment
    EntertainmentShow More
    Akwaaba UK unveils December in Ghana 2026 events lineup
    October 19, 2026
    MzVee, Sista Afia, Ugoccie and Sefa celebrate life on new single ‘Enjoyment’
    October 16, 2026
    ‘There is life after cancer’ – Stephanie Benson
    October 15, 2026
    Stephanie Benson calls for performance schools in Ghana
    October 15, 2026
    Working alone is scary, but my fans keep me going – Larruso
    October 14, 2026
  • Sports
    SportsShow More
    Mbappe brace drowns Barca in Clasico
    October 26, 2026
    GPL Roundup: Hearts win again as Ashgold hold Kotoko
    October 26, 2026
    UCL Match Day 3: PSG dominates Barca as Arsenal hold Bayern
    October 22, 2026
    GPL roundup: Medeama unbeaten run ends as Hearts and Kotoko get wins
    October 19, 2026
    Black Challenge fine-tune preparations for Mexico 2026 Amputee World Cup
    October 16, 2026
  • Technology
    TechnologyShow More
    Dorcas Affo-Toffey engages Ceris Technologies on port digitalisation, cybersecurity
    October 22, 2026
    BoG Governor urges IMF to boost Africa’s AI and digital capabilities
    October 14, 2026
    One Million Coders Programme to create 100,000 digital jobs – Sam George
    October 13, 2026
    Yellow Card named Diamond finalist at the 2026 Money Awards
    October 1, 2026
    Samsung Galaxy Watch: A Healthier Heart Starts at Your Wrist
    October 1, 2026
  • International
    InternationalShow More
    Mbappe brace drowns Barca in Clasico
    October 26, 2026
    Mahama meets UK Foreign Secretary Ed Miliband to strengthen Ghana-UK relations
    October 22, 2026
    UCL Match Day 3: PSG dominates Barca as Arsenal hold Bayern
    October 22, 2026
    President John Dramani Mahama advocates for clemency for 64 radio stations affected by NCA's regulatory shutdown, emphasising press freedom.
    ‘We are friends to all and enemies to none’ – Mahama courts global investors
    October 22, 2026
    Ghana pushes for IELTS exemption for students and professionals in UK
    October 22, 2026
  • Factometer
Search
© 2024 EIB Network Ltd. All Rights Reserved.
Reading: Two steal GH¢1.158 million from GCB
Share
Notification Show More
Font ResizerAa
Starr FMStarr FM
Font ResizerAa
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Search
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Have an existing account? Sign In
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
GeneralHeadlines

Two steal GH¢1.158 million from GCB

Starrfm.com.gh
By Starrfm.com.gh
Published: September 12, 2018
Share
SHARE

Two persons, including a GCB Bank staff, who conspired with nine others to steal an amount of GH¢1.158 million from the bank have been put before an Accra Circuit Court.

Ferdinand Kofi Amponsah and Issah Alhassan were charged for conspiracy and 23 counts of stealing from GCB between June and September 2016.

They both pleaded not guilty to the charges and were subsequently granted bail in the sum of GH¢400,000.00 with four sureties, one of which is to be justified.

As part of the bail conditions, the accused persons are to deposit their passports at the registry of the court and to report to the police Criminal Investigation Department (CID) every Wednesday.

A bench warrant has also been issued by the court for the arrest of the nine others who are at large.

Prosecuting Deputy Superintendent of Police (DSP) George Amegah, told the court that Ferdinand is the Corporate Manager of GCB Bank in Takoradi, while Issah is a mechanic and a customer of the bank.

He said between September and November 2016, the management of the bank received complaints from customers about fraudulent withdrawals, which were carried out with cloned cheques drawn on accounts at the bank’s branches in Accra.

He said it was established that while the true account holders had their genuine cheque books intact, replica copies of leaflets bearing the serial numbers of leaflets, which were not yet used by the account holders were procured with forged signatures.

“These cloned leaflets are drawn on the bank and presented at branches outside Accra and various withdrawals made. It was established that four accounts of the bank had fraudulent withdrawals made on them,” DSP Amegah said.

Investigation revealed that Ferdinand even though stationed at Takoradi at the Corporate Banking Department, used his identification number FC07072, which was assigned to him at Mampong, his previous station, to make several enquiries on the accounts prior to or after the cloned cheques were presented.

During police investigations, Ferdinand admitted the offence and told the police that it was upon the request of Issah that he made enquiries on the accounts.

Ferdinand further told the police that he took pictures of signature mandates, cheques book serial numbers and other confidential details of High Valued Account Holders, which he forwarded to Issah and others.

DSP Amega said Ferdinand was not permitted to check or query individual customer accounts of the bank but he was engaged in this activity secretly, in collaboration with Issah and his nine accomplices to steal monies from the bank.

He said between the said dates, it was found that the cloned cheques presented at the various branches of the bank resulted in the theft of GH¢365,100.00.

The fictitious counter cheques resulted in the theft of GH¢422,000.00, while the figure obtained for the fictitious payment order resulted in the theft of GH¢184,448,000.00.

Additionally an amount of GH¢48,000.00 was stolen by means of fraudulent transfers from one of the affected accounts.

He said out of the audit report compiled by the public accounts committee, the act engaged in by the accused persons and their accomplices at large resulted in the theft of an amount of GH¢1.158 million from the bank during the period as contained in the charge sheet.

Ferdinand also admitted receiving an unspecified sum of money from Issah. Ferdinand has also built two houses at Adenta and Kasoa, which were suspected to have been built with proceeds from the crime.

Source: GNA

I’m still in charge – Haruna reacts to Minority ‘mutiny’
Pilgrimage saga: We’ve nothing doing with it – Christian C’cil
Ghana’s post-harvest losses could feed Ashanti Region for over a year — Agri-Impact CEO
Mahama murder: Afoko files fresh bail application after nearly 10 years on remand
Nduom’s GN bank downgraded to Savings and Loans company
Share This Article
Facebook Email Print
Share
Previous Article Liberia president George Weah plays friendly against Nigeria
Next Article Kofi Annan wanted his casket covered – Family

Starr 103.5FM

Starr FMStarr FM
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
newsletter icon
Join Us!
Subscribe to our newsletter and never miss our latest in news, podcasts etc..
[mc4wp_form]
Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?