- Legal practitioner, Maurice Ampaw, has stated that clients of Menzgold Ghana Limited are responsible for their troubles
- He explained that they should have applied wisdom in their dealings with the gold firm
- Ampaw disclosed that he is proud client of the company
A private legal practitioner, Maurice Ampaw has argued that customers of beleaguered gold firm, Menzgold Ghana Limited, are to be blamed for their predicament.
According to a report by Ghanaweb.com, he went on to say that he pities them, but they are to be blamed for their woes.
Speaking on Otec FM, he argued that tagging the chief executive officer of the company, Nana Appiah Mensah, as a fraudster, is partly a reason for the situation in which they currently find themselves.
“I pity the Menzgold customers because they refused to apply home sense and they did not also know that what they were doing will affect they themselves”, he said.
Ampaw is of the view that the conduct of the customers could have severe effects on Mensah’s business links, and tempt people who owed him to refuse to settle their indebtedness.
In his assessment, Mensah was living to his mandate with his customers until the Securities and Exchanges Commission (SEC) and the Bank of Ghana (BoG) waded into the business, which ground it to a halt.
He further revealed that he has locked up investments at Menzgold, but he is proud to be a customer, and is therefore upset when such people are referred to as greedy.
YEN.com.gh understands that Ampaw purchased 50 pounds of gold worth GH¢ 100,000, three times totaling GH¢ 300,000 before the company run into crises.
His cousin also invested GH¢520,000, whiles his wife invested GH¢200,000, cumulatively making GH¢920,000 of total cash lodged with Menzgold.
The SEC shut down Menzgold in September 2018, after raising concerns about the nature of its operations.
Mensah is currently in the United Arab Emirates, where he was arrested, and is facing charges in a court.
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