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