The embattled Menzgold Chief Executive Officer Nana Appiah Mensah has been slapped with fresh charges by state prosecution.
This comes after the prosecution withdrew the earlier charges against Mr Mensah, popularly known as NAM 1.
The Director of Prosecution, Yvonne Atakora Obuobisa, informed the Accra High Court of the latest development.
She clarified that amendments to figures, specifically the amounts involved in the case, prompted the filing of fresh charges against NAM1.
This move is asserted to be in the pursuit of justice.
The case has been adjourned to December 4, 2023, to allow NAM1’s legal team sufficient time to scrutinize and respond to the new charges.
Earlier charges by the Attorney General include but are not limited to selling gold, operating a deposit-taking business without a license, inducement to invest, defrauding by false pretense, fraudulent breach of trust, and money laundering.
This development comes almost five years after NAM 1, was arrested and subsequently put before court.
He was earlier arraigned on 61 charges at the Accra Circuit Court but now faces fresh charges.
NAM 1 became the focus of public attention in October 2018 for allegedly persuading over 16,000 individuals to invest a staggering GH¢1.68 billion in his gold purchase scheme, Menzgold.
Customers were promised 10 percent monthly interest returns, prompting many to invest.
However, investors were locked in a distressing situation. Their invested funds were inaccessible, and they could not locate Nana Appiah Mensah (NAM1) and other key executives of Menzgold.
Further revelations indicate that the Minerals Commission did not duly license Menzgold for gold trading.