Embattled Chief Executive Officer of Menzgold, Nana Appiah Mensah also known as NAM1, has been refused bail by the Criminal Investigations Department (CID) of the Ghana Police Service and is to spend the night behind bars.
Mr. Appiah Mensah was picked up on Thursday afternoon at the Kotoka International Airport when he arrived from Dubai.
Having spent the last six months in the United Arab Emirates, he was immediately arrested to assist in investigations regarding the operations of his gold dealership company which went burst somewhere last year with tens and thousands of customers unable to access their deposits.
He was reportedly arrested in the middle east country after a business deal he had made with some partners turned sour.
An INTERPOL red alert notice placed on him by the government of Ghana also made it impossible for the Dubai authorities to release him from their custody after he won the case in court.
He has been declared wanted in Ghana over allegations of fraud brought against him by some persons who invested in his gold dealership company, Menzgold but have not been paid their dividends or principals for several months.