A businessman named George Narh, aged 56, is in police custody. He was remanded by the Dansoman Circuit Court.
Narh faces a charge of defrauding by false pretence. This is contrary to Section 131 of the Criminal Offences Act, 1960 (Act 29).
He is accused of taking GH¢500,000 from the chairman of CBS Group.
Narh allegedly claimed he would supply gold. This promise was false.
The alleged fraud occurred under the pretext of a gold supply deal.
The court will hear the case again on April 8, 2026.
The Ghana Police Service is handling the investigation.