A Koforidua Circuit Court has remanded a 34-year-old man in custody. The man is accused of defrauding over 100 individuals.
He allegedly took GH₵500,000 from victims. This money was meant for various investment schemes.
The accused reportedly posed as a representative of a financial institution. He is alleged to have collected the funds under false pretenses.
The court has not yet heard the full details of the case. Investigations by the Ghana Police Service are ongoing.
The victims reportedly entrusted their money to the suspect based on promises of high returns.
The prosecution stated that the accused acted alone in this alleged scheme.
Further court proceedings are scheduled to determine the next steps in the legal process.
This case highlights the dangers of investment fraud and the importance of verifying financial institutions.