Sales manager of Izwe loans in trouble over fraud

A sales manager of Izwe Loans Company, Stephen Sarfo, has run into trouble with the law for defrauding another financial institution.

He reportedly used stolen documents and photographs of an employee of the Ghana Education Service (GES) to access a loan of GH¢ 5,400 from Ronik Ghana Limited.

Sarfo was on Tuesday put before a Kumasi Circuit Court, presided over by Mr. Ekow Mensah, to answer the charge of defrauding.

He pleaded not guilty and was granted a GH¢ 10,800 bail to make his next appearance on April 25.

Police Chief Inspector Felix Akowuah told the court that the offence was committed in June, last year.

The crime was uncovered after the Controller and Accountant General’s Department started the loan instalment deductions on behalf of Ronik from the salary of the innocent GES worker.

Source: GNA