Fugitive-Manager of ‘Forever Loans and Savings’ arrested

The Jomoro District Police Command has arrested the Manager of “Forever Trust” Financial Company Benedict Nredah who allegedly collected a total of GH¢ 60,000 from customers and bolted with it last year, at Half-Assini.

The Jomoro District Police Crime Officer, Assistant Superintendent of Police (ASP) Charles Mensah, made this known to the GNA in an interview at Half-Assini, on Wednesday.

He  explained that Nredah who hails from Basake in Ellembelle District, was arrested about a fortnight ago, and has since been granted Police enquiry bail pending investigations.

The Crime Officer said Nredah opened a Savings and Loans company at Half-Assini, early last year, and convinced people in and around the area to deposit certain amounts of money with his outfit for them to qualify for loans.

He said after getting enough deposits from some customers, he folded-up suddenly from the town to an unknown destination.

ASP Mensah said early this month, the suspect re-surfaced in the town and was spotted by one of his victims who arrested him and sent him to the Police.

He said 33 customers had so reported to the Police to be victims.

The Crime Officer expressed concern over Micro-Finance and Savings & Loans companies, which had taken undue advantage of the ignorance of people in the area to dupe them.

He said the Police Command in the area was putting mechanism in place to sensitise the people to be circumspect with such emerging entities.

Two other Financial Companies who operated in the town within the decade reportedly bolted with huge sums of money, which were the deposits of their customers.

Source: GNA