The Bureau of National Investigations (BNI) has arrested a 61 year-old man for allegedly duping an Egyptian firm of 242,000 dollars under the pretext of supplying the firm with 96 kilos of gold.

The suspect, Nana Kwame Gyamfi, who also doubles as the Managing Director of Unity Investment Ghana Limited, an unregistered company, is in the custody of the security agencies.

The paper reports a source at the BNI as disclosing in an interview that the complainant, whose name is being withheld, had several discussions with the suspect for the supply of 96 kilos of gold to his company in Egypt.

The source said the complainant allegedly gave Nana Gyamfi 242,000 dollars for the purchase and the cost of freight of the gold to Egypt on a Lufthansa aircraft through Frankfurt.

The complainant also provided Nana Gyamfi with an aircraft ticket for Cairo for the payment of the balance of 480,000 dollars after the confirmation of the goods as gold.

On 17 October 2001, Nana Gyamfi notified the complainant in Cairo that he had shipped the goods and asked the customer to check on it at the airport.

The purported gold bars allegedly arrived in Cairo on 20 October 2001, but after Customs inspections, the items were detected to be wooden bars weighing 52 kilos.