A businessman has been remanded in custody by an Accra High Court. This is to allow for further investigations into allegations of fraud.

The suspect is accused of defrauding several individuals. The total amount involved is said to be GH₵5 million.

Authorities allege the businessman operated a fictitious investment scheme. This scheme led to the alleged fraud.

The High Court will continue to hold the suspect as the investigation proceeds. No specific date for the next hearing was immediately available.

The G Accra Police are handling the ongoing investigations into the matter.