CID stops GHC326 million UMB bank theft, 12 arrested
CID stops GHC326 million UMB bank theft, 12 arrested The Criminal Investigation Department (CID), of the Ghana Police Service, have arrested 12 suspected criminals in the biggest ever cyber-crime in recent times in the country. An Accra Circuit Court on last Friday remanded into police custody 11 out of the 12 suspected bank fraudsters. The court also ordered the suspects to reappear on August 9, 2018 to assist police conduct further investigations into the financial crime. Read More: Please don't jump out of your car and dance to Drake, NTSB pleads According to the police, all the suspects, believed to be part of a wider cyber-crime syndicate made up of Nigerians and Ghanaians, attempted transferring a whopping GHC326 million from the vault of Universal Merchant Bank (UMB), electronically. However, the bank detected that the amount was transferred electronically into the internal operational accounts of UMB and subsequently credited to the accounts of ce...