A businessman, Raman Rajeshwar Prasad, 45, faced a court hearing today where he was unable to enter a plea due to the absence of his lawyer. He is charged with 67 counts of obtaining financial advantage by deception and a single count of possession of property suspected to be the proceeds of crime.
The allegations against Prasad indicate that he unlawfully acquired a total of $57,180 from a complainant between January 7, 2020, and January 2023. The Accused is believed to have taken advantage of BSP online banking and M-Paisa services, misleading the victim into believing he was selling land plots that were never in his possession.
This latest case follows ongoing investigations by the Criminal Investigations Department’s Major Fraud Unit, Anti-Money Laundering Unit, and Cyber Crime Task Force, aimed at tackling financial fraud in an increasingly digital landscape. Concerns have grown regarding online financial crimes, particularly as similar incidents have been reported in recent months. For example, a 27-year-old from Moto, Ba, is facing multiple charges related to fraud via social media sales, reflecting a disturbing trend in financial deception online.
Prasad has been remanded in custody, with the court set to reconvene on April 1 to further address the matters at hand. The prosecution of such cases highlights law enforcement’s commitment to protecting consumers and seeks to deter potential offenders through accountability. While the situation remains serious, the efforts of authorities to uncover fraud cases and hold individuals responsible signifies a proactive approach to ensuring public safety in digital transactions.
As consumers become more aware of potential scams, there is hope that increased vigilance will contribute to a safer online marketplace for all.
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