A businessman has been arrested and is now in police custody. He appeared before an Accra Circuit Court.
The suspect is accused of deceiving several people. He allegedly took GHC5 million from investors.
Prosecutors say he promised them good returns on their money. These were said to be lucrative investment opportunities.
Investigators have charged him with fraud and money laundering. These are serious financial crimes.
The Accra Circuit Court has remanded the businessman in custody. He will remain in jail until his next court appearance.
The court filing details the accusations against the businessman.
The Ghana Police Service is continuing its investigation into the matter.
This case highlights the risks involved in certain investment schemes.