The National Insurance Commission (NIC), in a joint operation with the Ghana Police Service on Tuesday, August 3, 2021, arrested a Lebanese, Gabriel Medawar, for operating an unlicensed Insurance broking firm contrary to section 109 of the Insurance Act 2021 (Act1061).
The illegal company operating under the business name, Harmonia Insurance Group, carried its modus operandi in a private building near the West African Examination Council (WAEC) Office at North Ridge, Accra.
He was arrested together with two other accomplices believed to be his employees.
Preliminary investigations indicated that the suspect had been operating this illegal business for a long time unnoticed until some information led the NIC to tighten its loop on him, leading to his arrest.
Further investigations revealed that some unsuspecting members of the public including some renowned automobile companies have been patronizing their services.
The Police are currently investigating the matter with the view to bringing the perpetrators of these criminal acts to book.
The NIC cautioned the public and corporate bodies, such as automobile firms, to desist from transacting business with such entities not recognized by law.
The Head of the operation, Mr. Oliver Bio, Deputy Chief Manager (Legal) at the NIC, bemoaned the tacit connivance of some motor underwriting insurance companies who ought to know better, and cautioned that any company found culpable in respect of their business operations with Gabriel Medawar, Harmonia Insurance Group, would be dealt with accordingly.