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NAM1 to finally address the press on the state of Menzgold today

19/08/2019
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The CEO of the battered gold dealership firm Menzgold, Nana Appiah Menzgold NAM1 is set to address the press on the current state of Menzgold today  August 19.

Nana Appiah Mensah in a tweet on Wednesday assured that he will provide a final practical resolutions to all “pending teasing matters, geared towards a highly possible rebound soon”.

He posted: “I will address the press on the 19th August,19, regarding the state of affairs of our companies, with final practical resolutions to all pending teasing matters, geared towards a highly possible rebound soon. Stay tuned to Zylofon fm & tv for updates.#GhanaShallProsper?”.

Background

NAM1 has been slapped with 13 counts of defrauding by false pretences, money laundering, abetment and carrying on deposit-taking business without licence contrary to Section 6 (1) of the Banks and Specialised Deposit-taking Institutions Act.

He arrived in Ghana on July 11, 2019, where he was picked up by security operatives at the Kotoka International Airport and sent to the Criminal Investigations Department (CID) of the Ghana Police Service for interrogation after spending several months in Dubai in another legal battle.

Nana Appiah Mensah has been accused of defrauding his customers to about GHS1.68 billion.

According to the charge sheet, the money was from 16,000 people who invested a total of GHc1,680,920,000 in the company.

The charge sheet indicated that Mr Appiah Mensah’s two companies — Brew Marketing Consult and Menzgold Ghana Limited; represented by him, have also been charged with defrauding by false pretence.

Nana Appiah Mensah’s sister and his wife, Benedicta Appiah and Rose Tetteh, have also been charged with two counts of abetment to defraud by false pretence and two counts of abetment to carry out banking business without a licence.

The charge sheet explained that the accused persons purportedly aided Brew Marketing Consult and Menzgold to defraud the customers.





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