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General News on Tuesday, April 2, 2019
Source: citinewsroom.com
2019-04-02
Many customers are unhappy with delays in getting their money back.
Hundreds of injured clients of the deceased gold distribution company, Menzgold Ghana Limited, demonstrated in front of the office of the Bureau of Economic and Organized Crime (EOCO).
They demanded the liquidation of the badets seized from the company.
According to clients, the government institution was unable to specify the condition of the properties entered.
In early 2019, EOCO obtained a court order freezing the properties of Menzgold Ghana Limited and seven other badociated companies, including the Menzgold office complex, the Zylofon arts complex, the Brew Marketing Consult, the Star Madrid football club , the media company Zylofon and the media company Brew Energy. Limited, G-Tech automotive service.
In an interview with Citi News, a spokesman for the group, Godfred Ankomah asked EOCO to appoint a liquidator to oversee the fair payment of their investments.
"We are aware that they [EOCO] have seized badets, so we want a quick liquidation. People go through many hardships. EOCO should therefore facilitate their process so that the badets of NAM 1 are liquidated so that people receive their money. We also call for transparency, at least we should know what they have seized. If the badets are to be liquidated, a committee should be formed, to which Menzgold's customers should be a part. We do not want a situation where badets will be sold at a lower rate among senior officials. "
"Until now, the way EOCO handled the whole problem is a little slow and chaotic approach. It took customers on the picket line before we started getting information, it should not be that way. It has been almost a year since this happens and so far there is no way to go. The seizure of the badets took place a long time ago, but no one gives us any information. They should disclose all the information because people are dying, "he added.
EOCO's freezing of Menzgold properties is good news "- Amanda Clinton
Previously, client advocate Amanda Clinton welcomed the confiscation of Menzgold's holdings by EOCO as it was the first real confirmation by a recognized government agency and the Ghanaian government that Menzgold Ghana had committed fraudulent acts.
She said "it's certainly good news" for Menzgold's customers in their quest to recover their stalled investments.
"This is the first real confirmation of an organ of state and government that a crime was committed because before people labeled it, but when Menzgold sued the SEC in court, the case had not been found to be fraudulent. been committed. So this is the first time that a court is so clear … So that's fine.
Menzgold customers at the limit, 15 members are dead
Clients also stated that 15 of their members have died.
According to them, these deaths result from their inability to recover their money from the society in difficulty.
Frederick Forson, a member of Menzgold's injured client coalition, told Citi News that the government needed to provide details of the work being done to get their money back.
"We want the government to tell us about the work it is doing on our frozen funds. According to EOCO, they are more or less finished with the work that they do. It is the Attorney General who has the power to seize the court to obtain a court order. "
"We want the government to give us the official briefing on what it does. As we said in our statement, 15 of our members have already left. Last week, we buried one of them in Tema, so we want the government to define the payment plan, he added.
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