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Thirty-two vehicles and an undetermined number of badets landed from Menzgold, a gold sales company, are under the surveillance of the Bureau of Economic and Organized Crime (EOCO).
A very well-placed source at EOCO told Accra's Daily Graphic on Tuesday, January 22, 2019 that the office was making progress in locating the badets of the company and its chief executive, Nana Appiah Mensah, better known as name of NAM1.
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The source urged the public to voluntarily disclose information that would locate more badets of the company and its CEO.
Frozen goods
On January 14, 2019, MK K. Amoah, director of EOCO, told the Daily Graphic that the office had frozen Menzgold's bank accounts.
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He added that EOCO was always looking for more accounts to freeze as investigations continued.
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Customer action
In the meantime, Menzgold's injured clients have asked the government urgently to obtain a court order allowing it to temporarily take over the offices of the company (rented or owned) in order to prevent the owner and his accomplices to move funds of chests containing huge sums of money to unknown offshore destinations.
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Customers, who spoke to Daily Graphic under the guise of anonymity, said some of the company's employees had reliable information that NAM1 would still have billions of Ghanaian cedis and other foreign currencies in storage. in chests in some of its branches across the country.
According to them, NAM1 built special safes in some of the agencies, including the headquarters along the N1 road near Dzorwulu, and the East Legon branch because it intended to run a bank and had need safes in all branches. the company.
Clients also urged the government to step in quickly to identify all NAM1 accounts with various banks in the country and freeze them immediately.
"What is happening is serious and we want the government to act quickly by using the legal route to recover the funds left in the system in order to be able to pay something to the customers," said one of the aggrieved customers.
Government seeks NAM1
A special delegation of security agents from Accra visited Dubai last week following the arrest of Nana Mensah and her possible extradition from the United Arab Emirates.
The delegation collected first-hand information about the arrest by the eminent authorities.
NAM1 was arrested in Dubai on December 4, 2018 for the purpose of facilitating investigations into suspicions that he was involved in a commercial gold transaction that had gone wrong within the emeritus jurisdiction.
Context
On September 12, 2018, the Securities and Exchange Commission (SEC) ordered Menzgold to immediately cease its investment activities for breach of the Securities Industry Act, 2016 (Law No. 929).
The SEC's order also enjoined Menzgold to stop advertising its investment activities and not to create new contracts with depositors.
According to a letter to the CEO of Menzgold, investigations by the regulator revealed that Menzgold's business of buying / depositing gold from the public and contracts with customers guaranteeing an impossible activity on the capital market. without a valid license issued by the SEC.
The letter dated September 7, 2018 and signed by SEC Deputy Executive Director Paul Ababio, warned that Menzgold's failure to comply with the directive would force the regulator to apply other relevant legislative measures to do so. respect.
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