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Two officials of money-doubler ponzi scheme, Mavrodi Mondial Movement, referred to as MMM, have been arrested at the instance of the Central Bank of Ghana.
The two were arrested in the process of luring unsuspecting customers to invest with them.
Speaking with newsmen, the Head of Microfinance Examinations Office at the Central Bank, Patience Yeboah-Nkansah said they will ensure the culprits are dealt with according to the law.
“The law empowers us that as soon as we hear of an institution engaged unlicensed microfinance activity, all we do is; we, first of all, act fast by closing down your institution. And then we made an announcement in the newspapers and then report you to the security agencies, and we hear they have nabbed two of their operators.”
The two were arrested in the process of luring unsuspecting customers to invest with them.
Speaking with newsmen, the Head of Microfinance Examinations Office at the Central Bank, Patience Yeboah-Nkansah said they will ensure the culprits are dealt with according to the law.
“The law empowers us that as soon as we hear of an institution engaged unlicensed microfinance activity, all we do is; we, first of all, act fast by closing down your institution. And then we made an announcement in the newspapers and then report you to the security agencies, and we hear they have nabbed two of their operators.”
