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General News of Sunday, January 20th, 2019
Source: citinewsroom.com
2019-01-20
Some Menzgold's angry customers displaying their fold cards asking the government to intervene
About 30 other customers of troubled gold distribution company Menzgold Ghana Limited filed a lawsuit against the company with the Criminal Investigation Department (CID) in an effort to release their capitalized investments.
This is the latest to formally protest against the fact that the company has not repaid its major investments after some of its clients filed a complaint through a lawyer.
The company's chief executive officer, Nana Appiah Mensah, better known as NAM 1, is currently facing false pretense fraud charges.
Although investigations have been initiated on the issue, police have indicated that the lawsuits could be delayed due to the arrest of NAM 1 in Dubai, where it is currently the subject of a charge. of crime.
Ghana police chief, David Eklu, told Citi News: "Some of the clients who used the services of a lawyer to petition the CID. But when the report was released, individuals went to the offices of CID headquarters to file a complaint. "
"Last week, I understand that the figure was about 26 to 30, in addition to those who have already sent a petition to the CID," he added.
The investigation of the Menzgold saga is not suspended – Police
The police department also said that he had not suspended the investigations into the Menzgold operations and his CEO in crisis.
This supports indications that NAM 1 will return to Ghana only after being cleared of all the criminal charges brought against him in Dubai.
ACP Eklu, said the Ghana Police Service would continue its investigations despite this development.
"There have been discussions about bringing him to Ghana to answer or help with the investigations we have already started. They badured us that he would appear for the first time in court on February 2nd. After that, if the case is finally settled, they can facilitate his extradition to Ghana so that he can face the court. "
"The discussion, as I understood from the team, is very fruitful and they have given us the badurance that they will make it available to the Ghanaian authorities as soon as this matter is resolved. This does not mean that our surveys are truncated. Other processes are underway to collect information that may lead to prosecution so we have not stopped.
The investigation is still going on but it is the key to our investigation and that is why we need him to make a statement to us, but overall, this investigation is still in progress. "
Recent developments
Hundreds of Ghanaians are unable to recover their investments in Menzgold, with some going to court seeking compensation.
That's after the Securities and Exchange Commission, SEC, asked Menzgold to stop trading because it was illegal.
The company has since struggled to pay its customers, giving credence to suggestions that it was running a Ponzi scheme.
An arrest warrant has already been issued against NAM1 after he found out that he had violated bail conditions and fled the country.
Since then, the company has been sued by aggrieved clients, while its executive director, Nana Appiah Mensah, has been arrested in the United Arab Emirates since December 08, 2018.
The Office for Combating Organized and Economic Crime (EOCO) has also frozen some accounts of Nana Appiah Mensah.
Citi News sources at EOCO indicate that the office is also considering searching for accounts belonging to Menzgold and other related companies.
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