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Woman, 31, Arrested For Duping Banks
 
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27-Mar-2015  
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A 31-year-old woman has been arrested for allegedly defrauding some banking institutions and car rental companies across the country of thousands of Ghana cedis.

The suspect, Matilda Ennin, together with an accomplice who is currently on the run, are said to have taken loans from the financial institutions and used the luxury cars they had rented as collateral to access the loans.

Her accomplice, who happens to be her elder sister, was named by the police as Victoria Nsowah Ennin. 

According to the police, the two sisters rented cars from rental companies to be used to run errands and later went to rent additional cars under the pretext that they expected visitors from abroad.

The two then failed to pay back the loans contracted and when the financial institutions put pressure on them, they asked the banks to sell the cars which they had rented to defray the loans.

They were said to have approached car rental companies in Accra and Weija to rent luxury cars and then quickly moved to financial institutions in Accra, Weija, Koforidua, Tarkwa and Agona Swedru where they used the cars as collateral to access the loans.

Mode of operation
The suspects, according to the police, went to car rental companies and posed as people who had just returned from the United States of America (USA) who needed cars to rent for a week for their errands.

Owners of the rental companies  released the cars to the suspects,  in the hope that the rented cars would be returned by the agreed date.

The suspects then approached financial institutions with fictitious documents from the Driver and Vehicle Licensing Authority (DVLA) covering the rented cars to access loans from the banks, without the knowledge of the owners of the cars.

The two sisters would then default in the payment of the loans and instruct the banking institutions to sell the cars to offset the loans they accessed.

Information available to the Daily Graphic indicates that Victoria, who was granted bail at the Accra Central Police Station, had jumped bail and was currently at large.

Matilda is also said to have recently been arrested by the Weija Police and later arraigned before the Weija Magistrate Court but was subsequently granted bail in the sum of GH¢10,000, with a surety, for the same offence.

Victims of their deeds in Swedru who got wind of her release alerted the police, which led to her re-arrest.

Meanwhile, about 10 of the rented cars have been retrieved from the suspects. The vehicles would be released to their owners, while others could not be traced.

Police source
According to the police, about GH¢145,000 was currently known to have been accessed by the suspects as loans from the financial institutions.

According to the source, the suspects might be operating a syndicate and a search had been mounted for the arrest of Victoria and other accomplices.

 
 
 
Source: Daily Graphic
 
 

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