A businessman named Kwabena Atta is in custody following an Accra High Court ruling. He is accused of taking GH¢1.1 million from an investor.
The court heard that Atta allegedly promised a lucrative investment opportunity.
Prosecutors stated that the promised returns on the investment were never provided to the investor.
This failure to deliver the promised returns led to fraud charges.
The Accra High Court has remanded Atta into custody as the case proceeds.
Further investigation into the allegations is expected.
The legal proceedings will determine the outcome of the investment dispute.