The CEO of defunct Ideal Finance Nii Kotei Dzani was on Wednesday arrested by the police for misappropriation of some funds in his care.
Reliable sources told Starrfm.com.gh that the Council of State member was detained at the Ministries Police Station for some hours before being released on bail.
Sources say he was arrested over the misappropriation of some GHc 1,000,000.00 entrusted to him during the operation of his financial outfit.
Sources within the Police service indicate that one of the clients of his collapsed Ideal Finance may have dragged the elected member of the Council of State to the Police in an attempt to retrieve monies owed him.
“We have granted him bail and we are investigating the case,” a top police official said.