Menzgold: Trouble looms as NAM1 faces 48 fresh lawsuits

Menzgold: Trouble looms as NAM1 faces 48 fresh lawsuits

- Nana Appiah Mensah has been slapped with 48 additional charges

- This bring to total 61 charges leveled against the CEO of Menzgold after he was earlier slapped with 13 charges

- The charges include money laundering, unlawful deposit-taking, sale of minerals without a license and defrauding by false pretence

The Chief Executive Officer of Menzgold, Nana Appiah Mensah, who was facing 13 charges in August 2019, has been slapped with 48 additional charges.

This bring to total 61 charges leveled against him including money laundering, unlawful deposit-taking, sale of minerals without a license and defrauding by false pretence.

Some of the persons alleged to have been defrauded include Volkan Basler ¢ 350,000, Kofi Tweneboah ¢100,000, Godfred Oduro Yeboah ¢94,500, Evelyn Twerefuor ¢ 170,000, Emmanuel Oppong Cobby ¢ 200,000, Rachael Siam ¢ 28,000 and Frank Konadu Agyemang ¢ 26,000.

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ASP Sylvester Asare, who is leading the state’s Prosecution, asked the Circuit court Tuesday, September 3, 2019, for an adjournment to file the new charge sheet.

This is the second time the charge sheet has been amended. It previously had seven charges before being amended to 13. It now stands at 61.

Meanwhile, an Accra Circuit court reviewed bail conditions earlier given to the embattled CEO of Menzgold Ghana Limited, Nana Appiah Mensah, also known as NAM1.

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The court imposed a GH¢ 1 billion bail condition with 5 sureties, three of whom must be justified on NAM1.

Making a case for the review of the bail condition, lawyers of NAM1 argued that the bail conditions were unfair and needed to be reviewed.

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Source: Yen

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