A German-based Ghanaian businessman has been arrested over alleged swindling of another person of cash of CFA 15 million.

Abdul-Rahman Zuber, 50, was on Monday put before a circuit court charged with fraud and he pleaded not guilty.

He was granted bail in the sum of GH?20,000.00 with two sureties to be justified, to make his next appearance on February 22.

Police Chief Inspector Felix Akowuah told the court, presided over by Mrs. Afua Adu Amankwaah, that the accused had convinced the victim, Badamasssi Djiman, that he could supply him with borehole drilling machine and duped him of his money.

This, the prosecution said, happened in May 2010.

Djiman made a formal report to the police after every effort to get the accused to either supply the machine or return the money had failed.

Police Chief Inspector Akowua said Zuber in his caution statement admitted taking the money and readily refunded CFA 8.5 million.