A businessman has been arrested by the Economic and Organised Crime Office EOCO. He is accused of defrauding investors of billions of cedis.
The suspect allegedly operated a Ponzi scheme. This is a type of fraud where early investors are paid with money from later investors.
EOCO confirmed the arrest. The organisation is leading the investigation into the alleged fraud.
The businessman faces several charges related to financial crimes. Authorities are continuing to gather information about the amounts involved.
This arrest highlights ongoing efforts to combat financial crime in Ghana. EOCO works to protect citizens from fraudulent schemes.
Investment fraud can cause significant financial hardship for individuals and families.