Retrieve our money from NAM1 before prosecuting him – Menzgold customers to government
Some aggrieved customers of Gold dealership company, Menzgold have asked government to focus its attention on retrieving their monies for them instead of the criminal prosecution of the CEO of the company, Nana Appiah Mensah (NAM1).
According to them, governments prioritization of prosecuting Nana Appiah Mensah instead of retrieving their locked up investments is insensitive.
Addressing a press conference today, July 17,2019, Frederick Forson, spokesperson for the aggrieved customers said, the move by government to remand Nana Appiah Mensah for two weeks despite the glaring evidence of his status is insensitive.
“We are really uncomfortable and alarmed that NAM 1 has been remanded for two weeks, despite the fact available of the true status of NAM 1. The state has the power to delay criminal charges against NAM 1 and rather work to ensure that thousands of citizens whose investments are locked up are paid within the shortest possible time. “he said.
The company has for nearly a year been unable to meet its contractual agreement with its many customers whom it promised dividends when they purchase gold collectables from Menzgold’s sister company Brew Marketing Consult and invested it with Menzgold.
Some aggrieved customers of the company have taken legal action against the company and its CEO to retrieve their monies from Menzgold but it has not been successful.
Following months of detention in Dubai in a case of fraud brought against him by a Dubai-based company, Menzgold’s boss, Nana Appiah Mensah returned to Ghana last Thursday and was immediately taken to the Criminal Investigations Department of the Ghana Police Service for interrogation as an INTERPOL Red Alert had been issued on him while he was in the Emirati country.
He was subsequently put before court on Friday and remanded to Police custody for two weeks.
His offence, abetment to defraud by false pretence and abetment to carry out banking business without a licence, contrary to Section 6 (1) of the Banks and Specialized Deposit-taking Institutions Act, 2016 (Act 930).
The Menzgold Boss has also been accused of defrauding his customers of about GHC 1.68 billion.
According to the charge sheet the money was from 16,001 people who invested a total of GHC1,680,920,000 in the company.
The customers are unhappy with governments decision to prosecute him instead of retrieving their locked up investment.