Menzgold case: NAM1's case adjourned to Sept 7

Menzgold case: NAM1's case adjourned to Sept 7

- The prosecution of the CEO of defunct Menzgold, Nana Appiah Mensah is still waiting for advice from A-G's department

- According to the prosecutor, the advice would enable them to proceed on the matter

- NAM1 has pleaded not guilty to all initial 13 charges levelled against him by the State

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An Accra Circuit Court presided over by Ellen Asamoah has adjourned the case involving Nana Appiah Mensah, popularly known as NAM1, and two others to September 7, 2020.

It followed a request by the prosecutor for more time to enable the team to prepare their case and offer further advice to the court on the matter.

NAM1, the chief executive officer (CEO) of the now-defunct gold dealership firm, Menzgold, is facing charges of defrauding by false pretence.

Menzgold case: NAM1's case adjourned to Sept 7

Menzgold case: NAM1's case adjourned to Sept 7 Source: Instagram/nana_appiah_m
Source: UGC

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The prosecutor was expected to have filed new charges against NAM1 so the court could take his plea today, Monday, July 20, 2020 but the Assistant Superintendent of Police, Sylvester Asare, told the court the principal state attorney was working to advise the court concerning the case and prayed for a long adjournment.

The court adjourned the case to Monday, September 7, 2020.

NAM1 was released from police custody on August 17, 2019 after meeting his revised bail conditions.

Earlier, the court had varied the bail conditions to allow for five sureties to guarantee his bail without showing evidence of having properties worth the GHc1 billion bail sum.

The court, however, refused a request by counsel Nana Appiah for a reduction in the bail sum from GHc1 billion to GHc20 million.

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Hitherto, the court ordered on July 26, 2019 that three of the five sureties show justification, meaning they must show proof they had properties or interests worth the GHc1 billion bail sum.

As part of the bail conditions, the Menzgold CEO was ordered to report himself to the Ghana Police Service every Wednesday.

YEN.com.gh earlier reported that six people have been arrested for allegedly hacking the software of a universal bank in Accra.

The illegal accessibility of the banks' software led to the transfer of GHc46 million into accounts of eight people at different banks.

In a report filed by Graphic.com, a former banker and owner of Adom Sika Savings and Loans Limited and a web developer were arrested.

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Source: Yen

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