EOCO busts Chinese woman over US$ 313 million fraud

EOCO busts Chinese woman over US$ 313 million fraud

A Chinese woman has been arrested by the Economic and Organised Crime Office (EOCO) for her alleged involvement in money laundering.

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According to the Daily Graphic, the suspect, Chen Jianhua transferred $313.59 million out of Ghana illegally.

She is also being investigated for forging bank accounts, possessing a fake driver's license and evading taxes.

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According to EOCO, between 2011 and 2019, Madam Jianhua transferred huge amounts of money through multiple accounts from Ghana to China.

EOCO further noted she and her counterparts will be charged and put before the court in November 2019.

We are at the concluding stages of investigations and this will pass as one of the biggest money laundering cases in the history of the country,” a source at EOCO told Daily Graphic.

EOCO also revealed that Chen was operating multiple accounts on behalf of certain individuals and companies.

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She is said to have opened local and foreign bank accounts on May 30, 2011. The total credit transactions on the account as of March 20, 2019 was GH¢154.06 million for the local account and $12.36 million for the foreign account.

YEN.com.gh earlier reported that President Nana Akufo-Addo has come under harsh criticisms from some Ghanaians over the current state of hardship in the country.

Many Ghanaians have registered their displeasure regarding the current terrain of economic hardship in the country.

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Source: Yen

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