A 38 year female fraudster arrest for duping banks.

Matilda Ennin a 31-year-old woman has been arrested for allegedly defrauding some banking institutions and car rental companies across the country of thousands of Ghana cedis.

Matilda, together with her elder sister   Victoria Nsowah Ennin, who is still on the run, are said to have taken loans from the financial institutions and used the luxury cars they had rented as collateral to access the loans.

The two then failed to pay back the loans contracted and when the financial institutions put pressure on them, they asked the banks to sell the cars which they had rented to defray the loans.

They were said to have approached car rental companies in Accra and Weija to rent luxury cars and then quickly moved to

financial institutions in Accra, Weija, Koforidua, Tarkwa and Agona Swedru where they used the cars as collateral to access the loans.

According to the police...

The female suspects,   went to car rental

companies and posed as people who had just returned from the United States of America (USA) who needed cars to rent for a week for their errands.

Owners of the rental companies  released the cars to the suspects, in the hope that the rented cars would be returned by the agreed date.

The suspects then approached financial institutions with fictitious documents from the Driver and Vehicle Licensing

Authority (DVLA) covering the rented cars to access loans from the banks, without the knowledge of the owners of the cars.

The two sisters would then default in the payment of the loans and instruct the banking institutions to sell the cars to offset

the loans they accessed.

Matilda is also said to have recently been arrested by the Weija Police and later arraigned before the Weija Magistrate Court but was subsequently granted bail in the sum of GH¢10,000, with a surety, for the same offence.

Victims of their deeds in Swedru who got wind of her release alerted the police, which led to her re-arrest.

While her elder sister Victoria,who was granted bail at the Accra Central Police

Station, had jumped bail and was currently at large.

An estimate of ¢145,000 was currently known to have been accessed by the suspects as loans from the financial institutions, while about  10 of the rented cars have been retrieved from the suspects.