Members of the Coalition of Aggrieved Customers of Menzgold (CACM) have hinted at picketing the Economic and Organised Crime Office (EOCO), the Securities and Exchange Commission (SEC) and the Attorney General’s Department from 2 April 2019, over the failure to retrieve their locked-up investments from gold dealership firm Menzgold Ghana Limited.
President of the Coalition, Timothy Binob, noted in a press statement on 28 March 2019 that: “The coalition has buried more than 15 of its members due to shock and heart failure, as a result of their locked-up funds, hence the action”.
The group said the latest action has become necessary “due to the state actors’ lackadaisical attitude to the plight of the suffering customers”.
He claimed that officials of the EOCO informed its leadership that it had concluded investigations and forwarded its finding to the AG.
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“We engaged with EOCO recently and they told us that they had concluded investigations into the matter and forwarded their findings to the AG to begin liquidating the company. I don’t know why the AG is delaying,” Mr Amankwaa said
All Menzgold’s offices have been vacated and put under lock and key following a court order freezing the assets of Menzgold’s embattled CEO, Nana Appiah Mensah.
SEC shut down the company over regulatory infractions in August 2018. Since then, thousands of customers have had their investments locked up and have held several protests aimed at getting their investments back, but to no avail.
