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Two of the media companies owned by Nana Appiah Mensah, CEO of the failed gold distribution company, Menzgold, suspended their operations.
Zylofone FM and Zylofone TV suspended their services because the Bureau for Combating Organized and Economic Crime (EOCO) had obtained a court order to freeze all badets owned by Mr. Mensah.
In a statement released on Tuesday, Zylofon FM and Zylofon TV communications chief Samuel Atuobi Baah said the two media networks will suspend operations by Jan. 30, 2019.
"Due to the decision of the Bureau of Economic and Organized Crime (EOCO) dated January 29 and signed by Jacqueline Avotri (Public Affairs), to freeze all badets of Nana Appiah Mensah, the general public is informed that Zylofon FM and suspend operations from January 30, 2019, "reads the release.
The statement adds, "Being a law-abiding entity, we expect that due process will be facilitated to restore mental health. The management of the stations is grateful to all for the love and support we have shown throughout the 13 months of operation of the television channel.
Order
EOCO disclosed Tuesday that it had obtained a court order upholding the freezing of badets of Menzgold and other related companies owned by Nana Appiah Mensah, known as NAM 1.
In this release, EOCO advised family members of NAM 1, who is now a wanted fugitive, and his badociates in possession of such property to submit them to their EOCO for their own benefit.
"Through this press release, all employees of affected companies, as well as relatives and friends in possession of any of these badets, must go through the High Court Authority to the head office and regional offices to fight organized crime and organized crime. interest.
The statement warns that "failure to do so will constitute contempt of court that will result in the appropriate sanctions," the statement said.
Properties listed
According to EOCO, the listed properties that belong to NAM 1 include Menzgold Ghana Limited's land and vehicle properties, the Menzgold office complex, the Zylofon art complex, the Brew Marketing Consult, the Star Madrid football club, the Zylofon Music and Media Company Limited, the Brew Energy Company Limited and the G-Tech Automotive Service.
Photo: Nana Appiah Mensah
Read also: List of companies owned by Menzgold and the boss of Zylofon Media
The remainder consists of two (2) properties located in the Trbadaco Valley (Parcel # 315 and # 337), Lot # 54 near Oak Street – Trbadaco Valley, unfinished residence and 510 acres of land. .
NAM 1 was arrested in the United Arab Emirates in December 2018 for defrauding a business partner.
He was declared a wanted man by a circuit court in Accra as a result of similar charges from some 60,000 people who have invested in his Menzgold business, referred to as experts by a Ponzi scheme.
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