Police have arrested a 34-year-old man in Accra. He is accused of defrauding 50 people of GHS1.3 million.
The suspect allegedly ran a fraudulent investment scheme. He promised high returns on money people invested.
However, the promised returns never came. The victims lost a significant amount of money.
The Accra Regional Police took the man into custody. They are investigating the allegations further.
This incident highlights the risks associated with unverified investment opportunities.
Authorities urge the public to be cautious of schemes promising unusually high returns.