Police have arrested a 45-year-old man. He is accused of swindling people out of GH¢700,000.
The Ghana Police Service announced the arrest on April 17, 2026. The man allegedly promised investors large profits. These promised returns never came to fruition.
Investigators say the suspect operated a fraudulent investment scheme. Many individuals reportedly fell victim to this scheme.
The total amount lost by victims is reported to be GH¢700,000.
The suspect is currently in police custody. Further investigations are underway to identify any other potential victims.
The arrest followed a report to the police. Authorities are working to recover the defrauded funds.
This case highlights the dangers of unregulated investment opportunities. The police urge the public to be cautious of schemes promising unusually high returns.
The suspect will face legal proceedings after the investigation is complete.