The accused, Inspector (Insp) Emmanuel Kojo Ametepey, was charged together with one Abdullai Tijani, and another person whose name was only given as Francis as well as four others who are all on the run.
Insp Ametepey was charged with two counts of conspiracy to commit crime and stealing but pleaded not guilty to both counts.
He was subsequently remanded in prison custody to reappear in court on September 10, 2014.
The prosecution, led by Assistant Superintendent of Police (ASP) Ofori Asante prayed the court, presided over by Ms Abigail Animah Asare, to remand the accused in custody since the police were still investigating the matter.
He stated that six other accused persons were on the run.
Earlier, ASP Asante pleaded with the court to remand the accused to enable the police to conduct further investigations and indicated that if the plea of the accused was taken, it would not serve the course of justice. He therefore prayed the court to remand the accused.
However, the presiding judge responded that it would be unfair for the accused to be remanded if he did not know why he had been put before court.
Counsel for the accused Mr Francis Gasu, responding said what the prosecution was praying the court to do was an attempt to use the court to rubber-stamp an illegality.
He maintained that the accused had the right to be put before court within 48 hours, stressing that he had been in custody for more than 48 hours.