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The defunct gold distribution company, Menzgold Ghana Company Limited, has announced that it will enter the final stage of engaging with aggrieved customers to settle all claims.
The Securities and Exchange Commission (SEC) ordered the gold trading investment firm in September 2018 to cease operations in the country.
At the time, the SEC also asked the company which was on the warpath with the Bank of Ghana not to take any new contracts (investments) and also to immediately stop the dissemination and publication of all its advertisements.
According to the SEC, the evaluation of Menzgold’s documents showed that the company did not have the licenses to trade in gold and that its operations violate Law 929 “as well as a threat to unsuspecting and uninformed investors. “.
After the closure of Menzgold, Ghanaians who had invested in the company no longer had access to make withdrawals.
Over the past three years, the many affected Ghanaians have sued the company for their money, but so far to no avail.
Today, a statement from Menzgold gave aggrieved clients hope of recovering their investments.
According to the vanished firm, it is entering the final phase of an audit of client documents which will lead to the payment of all claims.
“We are entering the final phase of the audit; this session would consist of interviews between traders / claimants to fully establish the facts and be satisfied with questionable and unfavorable discrepancies and irregularities that characterize some transaction claims received for verification and subsequent payment. Therefore, invitations would be sent to certain people, ”said a statement from Menzgold Ghana dated October 7.
Read the full statement below:
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