The Vice President of Policy at think tank IMANI Ghana, Kofi Bentil, has absolved the government of any responsibility towards those who have been undone by their business with Menzgold.
Mr Kofi Bentil has spoken of the need for government to stay away from any attempts at helping those who may have been hurt by their investments with Menzgold Gold Dealership.
Mr. Bentil described the gold investments at Menzgold as a Ponzi scheme. He added that the government has no responsibility towards citizens who decide to invest in such schemes.
As first reported by Citinewsroom.com, the Vice President of IMANI Ghana was speaking at a forum organised by Media General on Ponzi schemes.
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Mr Bentil was quoted as saying: “Government has no responsibility, legal or moral to pay citizens for losses incurred as a result of engaging in illegal activity.
Emotional notion, based on nothing that if you end up in DKM government should come to your aid."
He continued: “There is no such responsibility and in certain situations I am aware certain people were paid some monies and one of these days someone should sue them for wasting our money."
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Menzgold has been caught up in issues of illegality with the Securities and Exchange Commission (SEC) for about a month now.
Apart from that, the gold dealership has been unable to pay dividends to its customers for the last two months.
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