A man appeared in court facing charges of defrauding over 30 individuals. The total amount involved is reported to be GHS120,000.
The Ghana Police Service stated the suspect allegedly operated a fake investment scheme. He is accused of promising unusually high returns to attract investors.
Investigators believe the accused collected the money from multiple victims. He is then alleged to have absconded with the funds.
The case was brought before the court following an investigation by the police.
The accused was remanded in custody. He is expected to reappear in court for further proceedings.
This incident highlights the risks associated with unregistered investment opportunities.