The CEO of defunct Ideal Finance Nii Kotei Dzani has denied media reports that he was arrested and granted bail on Wednesday.

Reports emerged Wednesday night that the Council of State member was detained at the Ministries Police Station for some hours before being released on bail.

Sources said he was arrested over the misappropriation of some GHc 1,000,000.00 entrusted to him during the operation of his financial outfit.

However in a statement, the businessman said he had  reported to EOCO over the ongoing investigations into the collapsed financial institutions.

“Dr. Dzani reported yesterday and last week. He was again at the offices of EOCO to aid with investigations,” the statement said.

Source: Ghana/Starrfm.com.gh/103.5FM