An Accra Circuit Court has remanded a 38-year-old businessman in custody. He is accused of defrauding an investor of GH₵200,000.
The businessman allegedly told the investor he would use the GH₵200,000 for a crude oil business. He reportedly failed to make any investments.
The court heard the details of the alleged fraud. The businessman was brought before the court on these charges.
He is being held while the Ghana Police Service continues its investigation into the matter. Further details are expected as the case progresses.
The Public Prosecutor presented the case to the court. The court decided to keep the businessman in custody.
This legal action follows a complaint lodged by the defrauded investor. The investor reported the alleged financial crime to the authorities.