An Accra Circuit Court has ordered a man to remain in police custody. The man is accused of defrauding a businessman.
The alleged fraud involved a sum of GH¢300,000. This amount was reportedly given to the suspect under the pretense of securing a profitable investment.
The court heard that the businessman paid the money believing he would receive a return on his investment.
The accused appeared before the court on Friday. He faces charges related to defrauding by false pretense.
Further details of the investment scheme were presented to the judge.
The police investigation into the matter is ongoing. The court ordered the remand to allow for further inquiries.
The judge stressed the seriousness of the alleged financial crime.
The case has been adjourned to a later date for further hearing.