A businessman, Daniel Obeng, is in police custody. He is accused of taking a large sum of money from people by tricking them into believing in a fake investment plan.
The total amount allegedly defrauded is around GHS400,000. This information comes from a statement by the Ghana Police Service.
Obeng is facing charges of defrauding by false pretenses. This means he is accused of lying to get money from others.
He appeared before a court, and the judge decided he should be kept in custody.
The court filing indicates that Obeng allegedly promised high returns on investments that did not exist.
This case highlights the risks associated with unregistered investment schemes.
Authorities are continuing their investigation into the matter.
The public is often warned to be cautious of investment opportunities that sound too good to be true.