12 Sep 2006

PNG cheque scam busted

6:25 pm on 12 September 2006

Four people believed to be behind the theft of thousands from Papua New Guinea schools and companies in a cheque scam have been arrested.

The Post Courier reports that three have already been charged with forgery and misappropriation.

Equipment containing electronic copies of commercial bank cheques and identification cards were also confiscated when the police dog unit and the police reserve security officers from Bank South Pacific raided their premises in two locations in Port Moresby.

Scanned ID cards and photos of other people with different names were also found, together with a stamp belonging to the Central Bank containing its common seal.

Reports over the past two weeks have detailed the scam involving high-ranking people from government offices, banks, police and schools were forging signatures and scanning ID cards and cheques which were cashed in banks in Port Moresby.

NCD metropolitan superintendent Mark Kanawi said four men were rounded up and three have since been charged for misappropriation and forgery.

The four men have admitted they were paid between K2000 and K3000 as service fees.