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General News of Tuesday, February 19, 2019
Source: dailyguidenetwork.com
2019-02-19
General Manager of Menzgold, Nana Appiah Mensah
Menzgold Ghana Limited, collectors' company in gold and distressed, are demonstrating this morning in Tarkwa.
As a result, client funds are frozen with the Company, which ceases to operate after a September 7, 2018 Securities and Exchange Commission (SEC) direction directed the Company to suspend its trading operations. making unlicensed deposits with the public.
Menzgold's general manager, Nana Appiah Mensah, has since been arrested in Dubai on December 7, 2018 in connection with a fraudulent gold transaction involving a company emeritus, Horizon Royal Diamonds.
Customers protesting in Tarkwa are about two hundred and are asking the government to step in and help them recover their locked-in investments in the company.
It will be remembered that other Menzgold customers in Kumasi and Accra have also demonstrated for their funds.
Menzgold has around 5,000 customers in the country. It is estimated that the company owes its clients some $ 42 million.
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