Business man, arrested for operating a financial scam
A 37-year-old businessman, Justice Mark Appiah, has been arrested by the police for operating a financial scam.
He has been operating an unregistered micro-finance company and managed to convince a driver to deposit GH¢3,000.00 with the company as a requirement for granting him a loan of GH¢40,000.00 – a deal that turned out to be a complete sham.
Appiah on Monday appeared before a Kumasi Circuit Court charged with engaging in a business without obtaining certificate of registration, defrauding by false pretense and issuing dud cheque.
He pleaded not guilty and was granted a GH¢5,000.00 bail to return to the court on November 1.
Assistant Superintendent of Police (ASP) Doris Amewu told the court presided over by Mr D.W.P Amedior that the accused persuaded Justice Nana Ampong to deposit the said amount to secure the loan.
Three months on, Appiah issued a cheque covering the agreed GH¢40,000.00 to be cashed at the Zenith Bank but when presented on July 19 it was dishonoured because he did not have money in the account.