The Chief Executive Officer of Kessben Group of Companies, Kwabena Kesse, has been remanded by an Accra Circuit Court, Thurday.
The Kumasi based business man is being held for two counts of money laundering and forgery of documents, charges he pleaded not guilty to.
He is accused of illegally transferring $127,931,727.65 out of Ghana to dubious locations as well as forging documents to the bank to facilitate the transfer.
His lawyers went to court to apply for bail but the Presiding Judge, Mr Francis Obiri, dismissed the application.
The judge explained that the suspect is likely to interfere with police investigations if he were to be granted bail.
He however advised that the suspect must be allowed access to his lawyers and relatives.
He is to re-appear on August, 7 2014.
