Menzgold customers ask to see NAM 1

General News of Tuesday, February 5, 2019

Source: dailyguideafrica.com

2019-02-05

Menzgold Ghana Limited, dissatisfied customers of the troubled gold collectibles company, wants to know where Nana Appiah Mensah, CEO of the company is.

Reports suggest that Nana Appiah Mensah, known as NAM1, was arrested on December 7, 2018 in Dubai, United Arab Emirates (UAE), following an alleged $ 51 million gold scandal involving an Emirati firm called Horizon Royale Diamonds.

A Ghana security delegation, who visited Dubai from 16 to 18 January 2019 to verify the nature of the allegations against NAM1, returned to Ghana with reports that he was facing "criminal offenses". In the United Arab Emirates.

But in a statement released yesterday in Accra, angry customers were not convinced of the alleged arrest of NAM1 in Dubai.

The Menzgold Injured Client Coalition (CACM) said: "We wish to congratulate the courts on issuing an arrest warrant against Nana Appiah Mensah. We are concerned, however, that the Interpol database has not yet recorded the details of Nana Appiah Mensah, although her mandate is a red alert. "

They asked the Akufo-Addo administration to tell them where the NAM1 sisters, the directors and the chairman of the Menzgold board, Fred Frimpong, were.

Clients also questioned the arrest of NAM1 in Dubai and its effectiveness in recovering their investments from Menzgold Ghana Limited, which allegedly exploited a "Ponzi scheme".

Account freeze

Clients also asked government investigative agencies investigating the Menzgold scandal to freeze and publish all Menzgold and NAM1 bank accounts.

Stop

They also called on security agencies to arrest and investigate all members of Menzgold's board of directors and management staff.

"We request that the government clearly inform the public of its investigations into the manner in which Nana Appiah Mensah has applied for bail in Ghana and visited the UAE without EOCO's knowledge. and other security agencies in the country. "

They explained that "CACM members want to know if Horizon Royal Diamond really owns Menzgold for $ 36 million, or gold exported to Horizon Royal Diamond, as Menzgold officials claim in their letter of evidence addressed to their chairman of the board, Mr. Fred Frimpong. "

"We also require the State to verify the truth of the information that Horizon Royal Diamond has lost more than $ 50 million to a Ghanaian company under investigation by EOCO, which could be related to the arrest of Nana Appiah. We believe that, by responding adequately to these questions, we will bring transparency and dispel many doubts. "

The number of Menzgold customers is estimated at around 46,000.

The Securities and Exchange Commission (SEC), in a letter dated September 7, 2018, ordered the company to suspend its gold trading transactions with the public.