The Economic and Organised Crime Office EOCO has arrested a 45-year-old man. He is accused of defrauding a German investor of GHS500,000.
The suspect allegedly promised the investor lucrative returns. This was done under the guise of offering investment opportunities.
Investigations are being conducted by EOCO to uncover the full details of the operation.
The German investor reportedly lost a significant amount of money.
Authorities have not yet released further details on the suspect's identity or the specific nature of the investment schemes.
EOCO is urging the public to be cautious of investment schemes promising unusually high returns.
This action is part of ongoing efforts to combat financial crimes in Ghana.