Police in the Ashanti Region have arrested a businessman. His name is Maxwell.
He is accused of defrauding more than 50 people. The total amount is GHC1.5 million.
Maxwell allegedly ran a fake investment scheme. He promised people high returns on their money.
The victims reported that Maxwell did not deliver on his promises. They lost significant sums of money.
The Ashanti Regional Police Command is investigating the matter.
Authorities stated that Maxwell was arrested following complaints from the victims.
The police are seeking further information from the public regarding similar incidents.
Investigations are ongoing to determine the full extent of the alleged fraud.