A man accused of taking GHS 500,000 from investors has been ordered to stay in police custody. The Kumasi Circuit Court made this decision.
The 35-year-old suspect faces charges of fraud. He allegedly promised people big profits from investments that were not real.
Investigators say the total amount lost by the investors is approximately GHS 500,000.
The Ghana Police Service is continuing its investigation into the alleged scheme.
The court has not yet set a date for the next hearing.
This case highlights the risks associated with unverified investment offers.