Hot Video : Thousands of Menzgold Customers awaits NAM1 as he appears in Court Today

Nam 1

Chief Executive Officer of Menzgold , Nana Appiah Mensah is expected to reappear at the Accra Circuit Court today for what is presumed to be the Final hearing. can report. earlier reported that Nana Appiah Mensah popularly known as NAM 1 was handed over to the Ghanaian Police to continue investigations into the ‘Popular Menzgold Saga’.

NAM1 is said to have defrauded 16,000 people of GH¢1.68billion on the name of investing their monies.

It is the case of the state that the embattled CEO, who returned to Accra on Thursday July 11, 2019 after months of detention in Dubai in the United Arab Emirates, contravened sections of the Banks and Specialised Deposits Taking Act, 930 and the Criminal Offences Act while operating Menzgold and its sister company, Brew Marketing.

NAM1 charged with 4 counts of fraud and doing banking business without licence He has been charged with two counts of abetment to defraud by false pretence and two counts of abetment to carry out banking business without licence, contrary to Section 6 (1) of the Banks and Specialised Deposit-taking Institutions Act, 2016 (Act 930).

Two of his companies — Brew Marketing Consult and Menzgold Ghana Limited — represented by him, have each been charged with defrauding by false pretence, contrary to sections 20 (1) and 13 (1) of the Criminal Offences Act, 1960 (Act 29), reports Graphic Online’s Mary Mensah in charge of the crime beat.

Due to this Thousands of Customers have summoned at the Accra Circuit court to support Nana Appiah Mensah in Court in order for their monies to be paid if he is freed, can report.

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