NAM1 still in detention for failing to comply with bail conditions

General News of Thursday, August 1, 2019

Source: Goal.com

2019-08-01

Menzgold's chief executive, Nana Appiah Mensah, aka NAM1, is still in custody for failing to comply with bail conditions.

The Accra circuit court granted a bond of 1 billion GH ¢ last Friday, with five sureties.

In accordance with the bail conditions ordered by the court, three of the sureties must be justified, while NAM 1 must also report to the Ghana Police Service every Wednesday.

However, seven days after his bail was granted, NAM1 is still in custody because he has not been able to fulfill the conditions of his bail.

Confirming this claim on Citi FM, based in Accra, the management of the troubled gold company has announced that it will submit a review of the terms of the bond.

NAM1, his wife Rose Tetteh and his sister Benedicta Mensah have been accused of having cheated 16,000 people for 1.68 billion GH ¢ for having invested their money.

The three defendants, Menzgold, and his sister company, Brew Marketing Consult Limited (both represented by NAM 1), were charged with 13 counts.

The prosecution leaders commit fraud under false pretenses, fraud by false pretenses, unlicensed filing activities, unlicensed mineral sales, unlicensed mineral sales, contraventions of unlawful deposit, illegal illegal deposit and money laundering.

NAM1, however, pleaded not guilty to all charges. His wife and sister, however, are on the run.

With the kind permission of Goal.com – the world's largest football website.

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