EOCO in search of Menzgold boss for answers to its operations

EOCO in search of Menzgold boss for answers to its operations

- EOCO has reportedly stated that all means to interrogate the Menzgold CEO have failed

- Starr FM has claimed that the crime office is in pursuit of Nana Appiah Mensah to know how the company operates

- The CEO of Menzgold has insisted that Menzgold is into genuine business

The CEO of Menzgold, Nana Appiah Mensah, is expected to report to the Economic and Organised Crime Office (EOCO) for some explanation of what his company is all about and how they operate.

the Executive Secretary of EOCO Mr. K.K. Amoah has told Starrfmonline.com that Nana Appiah Mensah has been invited on several occasions “but has failed to honour the invitations.”

According to Starrfmonline, EOCO is currently in search of the Menzgold CEO and this prepared to get him to respond to prevailing questions regarding the risk involved in a possible collapse of the "gold hub".

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“We’re looking for him. We’re not getting him on phone, but we’ll pursue it,” the reliable source noted.

It all happened when the Bank of Ghana issues a public statement warning against trading activities with Menzgold.

According to the letter by the Bank of Ghana, Menzgold Company Limited is on the verge of being sanctioned for involving in the “solicitation, receipt of money or investment and the payment of dividends or returns to its clients” when it does not have the license to do so.

The Bank of Ghana has warned that Menzgold has operated without a license from the Minerals Commission and the Ministry of Lands and Natural Resources thus flouting the Banking laws of the country.

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In a sharp rebuttal, CEO of Menzgold described the warning as a joke. He argued that the Bank of Ghana must rather explain to Ghanaians the real story behind the collapse of some five banks it supervises years ago.

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Source: Yen.com.gh

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