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General News of Saturday, July 27, 2019
Source: Ghananewsagency.org
2019-07-27
play the videoMenzGold boss Nana Appiah Mensah
Menzgold Ghana Limited's general manager, Nana Appiah Mensah, also known as NAM 1, was released on bail Friday by an Accra circuit court.
Nana Appiah, who pleaded not guilty to 13 charges against him by the state, was released on bail for 1 billion GHc with five sureties, including three to justify.
He must also report to the police every Wednesday at 10 o'clock.
He was charged with crime, fraud under false pretenses, exploitation of unlicensed deposits, sale of unlicensed minerals, illegal collection and money laundering.
Earlier after the plea, the defense team headed by Mr. Kwame Akuffo requested the court to grant a bond to his client.
He argued that the accused was in custody inside and outside the jurisdiction for nine months and that a warrant for his arrest had was issued at about that time, so the police had an opportunity to investigate.
He asked the court that, in the exercise of its discretion, the court take note that none of the charges before it was excluded from the scope of the law relating to the on bail.
According to Mr. Akuffo, the prosecution had not been helpful, as the mere mention of Francis Agbodzi and 16,000 others was not enough. The accused must, constitutionally, know his accusers.
He stated that his client did not represent a risk of absconding and that he did not escape the jurisdiction mentioned by the state, but he went out of the jurisdiction to claim some $ 36 million by persons outside the jurisdiction.
Sylvester Asare, Deputy Superintendent of Police (ASP), in his response, asked the court to evade his discretion in this matter. However, he asked the court that, in the exercise of his discretion, account be taken of the case and the amount of the charges.
The court chaired by Jane Harriet Akweley Quaye then awarded Appiah Mensah a deposit of 1 billion GHC with five sureties, three of which to justify.
The facts of the case are that Menzgold Ghana Limited and Brew Marketing Consult Limited were limited liability companies incorporated under the Companies Act 1963 (Law No. 179). Nana Appiah Mensah is Executive Director, Rose Tetteh, Director and Benedicta Appiah, Secretary of Menzgold and Brew Marketing Company.
The prosecution stated in October 2018 that the police had received petitions from about 16,000 complainants alleging that Menzgold and Brew Marketing Company had submitted to the public, including the complainants, an badertion and an invitation through its agents, Nana Appiah, Rita and Benedicta fixed period with interest under the pretext of buying gold from Brew Marketing company.
He said the gold purchased from Brew Marketing was to be exchanged by Menzgold for a monthly interest of 10%.
He stated that on this basis the plaintiffs had deposited various sums of money for a total amount of 1,680,920,000.00 GHc. The police opened an investigation into the activities of the defendants.
ASP Asare stated that Nana Appiah, Rita and Benedicta had escaped and that their offices and residence had been locked up. An arrest warrant was then issued against them.
He said that on July 11, Nana Appiah arrived at Kotoka International Airport and was arrested by the police. She was then taken into custody to facilitate investigations.
According to the prosecution, investigations to date had revealed that Menzgold and Brew Marketing had been incorporated as limited liability companies under the Companies Act 1963 (Act 179) in December 2013 and December 2016.
He added that the main activities of Nana Appiah include the extraction of gold and diamonds, as well as dealers in gold and other precious minerals. Subsequently, in August 2016, he obtained from the state, through the intermediary of the Minerals Commission, a license allowing him to buy and export from the United States. gold of any person holding a small-scale mining license (artisbad miners).
The Prosecution, however, clarified that, in accordance with the terms of the license, Nana Appiah was required to appoint a gold buying agent to purchase gold on her behalf from artisbad miners. . The subsequent appointment of a gold purchasing agent led to the creation of Brew Marketing in December 2016.
ASP Asare added that, according to investigations, Brew Marketing, although incorporated for the purpose of buying and selling gold, among others, was not authorized by the Minerals Commission to negotiate from the market. ;gold. Menzgold through Brew Marketing after the incorporation of the company publicly invited the public to deposit money.
He said that Brew Marketing, through its executives, had invited the plaintiffs to deposit term money with interest, under the pretext of buying gold.
The prosecution stated that although the invitation was to buy gold, Brew Marketing was not allowed to buy gold and simply acted as a representative of a Menzgold agent during purported gold sales.
He told the court that further investigations had also revealed that Nana Appiah was the executive director, Rose the director and Benedicta, secretary of Menzgold and Brew Marketing. He added that investigations are still ongoing.
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