Police in the Ashanti Region have arrested a 19-year-old man. The suspect is Kwabena Owusu.
He is accused of defrauding a businessman of GH¢50,000. This occurred through a fake investment scheme. The businessman expected large profits.
Owusu allegedly promised lucrative returns on the investments. These promised returns never materialized. The businessman lost his money.
The Ashanti Regional Police Command is investigating the matter. They have taken Owusu into custody.
Further details of the scheme have not been released. The police are gathering more information.
This alleged fraud highlights the dangers of unregistered investment opportunities. Individuals should be cautious of promises offering unusually high returns.
The investigation is ongoing. Authorities aim to recover the defrauded money.
Owusu faces charges related to fraud.