We recently learned of the arrest made by the Economic and Organized Crime Office (EOCO) in connection with a sophisticated mobile money and sim swap fraud scheme. The individuals involved have been brought before the Accra Circuit Court, where they faced an amended charge and facts sheet.
The accused persons, identified as Richmond Donkor Alias Chino, Cecilia Asabre, Salifu Eshum, Daniel Asomani Baawiah, and Shadrack Anthony alias Target, have been jointly charged with conspiracy to steal GHC113,947.57. The charges against them include abetment of stealing, attempt to steal, altering of forged documents, possession of forged documents, abetment of money laundering, and money laundering. Despite the charges, they have pleaded not guilty.
During the court proceedings, the five accused were granted bail in the sum of GHC600,000 each, with two sureties who should be public or civil servants earning GHC3,000 monthly. Additionally, they were required to deposit their passports at the Court’s registry.
The defense counsel for Shadrack Anthony, one of the accused persons, made a case for bail based on his client's personal circumstances, including having a fixed place of abode, being married with children, and being gainfully employed. It was also mentioned that Anthony was unwell and willing to comply with any court requirements.
The prosecution did not oppose the granting of bail but requested that the terms align with the fifth accused person’s police enquiry bail term.
The case before the court stems from complaints received by EOCO from a reputable bank in the country regarding the theft of GHC113,947.57 from six customers’ bank accounts through a sophisticated mobile money and sim swap fraud scheme. The individuals behind the scheme were arrested following collaboration between EOCO and the Ghana Police Service.
Preliminary investigations revealed that the accused individuals collaborated with unscrupulous individuals within telecom companies and the bank to carry out the fraudulent activities. This included illegally gaining access to user login credentials, sim swapping, and unauthorized fund transfers.
The allegations against the accused persons are serious and highlight the need for vigilance in combating financial fraud. The court proceedings will be closely monitored as the case unfolds.
It is imperative for financial institutions and telecom companies to enhance their security measures to prevent such fraudulent activities in the future. The collaborative efforts of law enforcement agencies in apprehending the perpetrators serve as a reminder of the commitment to upholding the rule of law and safeguarding the interests of the public.
As the legal process continues, we trust that justice will prevail, and those found guilty will be held accountable for their actions. The outcome of this case will undoubtedly have implications for addressing similar fraudulent schemes in the future.
-source GNA | curated by Aisha Yakubu | Ghana Crimes
