Retired and active police officers sue Menzgold over locked up cash
Business & Economy section is brought to you by Jiji.gh — #1 Ghanaian online marketplace
Visit website

Retired and active police officers sue Menzgold over locked up cash

- One hundred police officers at the Kasoa Divisional Police Command have sued Menzgold over locked up cash

- They have filed a writ to the Accra High Court against the company

- According to them all efforts to retrieve their monies have proven futile

Some 100 retired and active police officers at the Kasoa Divisional Police Command in the Central Region have filed a writ at the Accra High Court against gold dealership company, Menzgold.

The writ is in a bid to retrieve their locked up investments at the gold dealership company since all their efforts to retrieve their monies have proven futile.

Leader of the group, Samson Addai, blamed government for their woes because government failed to regulate the activities of the company.

Menzgold

Source: Supplied
Source: UGC

READ ALSO: NAM1's mother and sister allegedly arrest loyal customer of Menzgold

“If government says Menzgold does not have the license to operate, then the CEO should be arrested so he pays us.We are not saying government should pay, but rather it should force Menzgold to give us our cash," Addai said.

Another policeman reaffirmed their resolve to get their money by going through legal means, and attributed the current turn of events to government’s dereliction of duty.

“Menzgold helped us a lot. As police officers, our salaries were meager, but we were able to carry out some projects with our investment returns. We blame government for what has happened but not Menzgold. They did not do their work well.

READ ALSO: Lumba Junior goes blind as result of brain tumor

The Security and Exchanges Commission shut down popular gold investment firm Menzgold on suspicion of malfeasance.

The Securities and Exchanges Commission (SEC) of Ghana moved to close down the operations of Menzgold Ghana Limited with regards to taking deposits for gold investments.

A letter from the SEC was sighted by YEN.com.gh and it detailed the reasons for their action

READ ALSO: Sonnie Badu finally breaks silence on alleged arrest reports

Watch: Ghana News Today: Angry Residents Call on Government to Fix Damaged Bridge in Kumasi | #Yencomgh

Subscribe to watch new videos

Click here to get the latest exciting English Premier League news. Get match highlights, reports, photos & videos all in one place.

Source: Yen.com.gh

Mailfire view pixel