An Accra Circuit Court has ordered that a man be held in custody. He faces charges related to defrauding more than 50 investors.
The amount involved is estimated to be GH¢5 million. This money was reportedly collected through a fraudulent investment scheme.
The court will continue to hear the details of the case at a later date. The next hearing is scheduled for next week.
Details of the alleged scheme and how the money was collected have been presented to the court.
The Ghana Police Service is investigating the matter further.
This legal action follows a complaint filed by the defrauded investors.