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General News on Tuesday, February 12, 2019
Source: dailyguidenetwork.com
2019-02-12
Nana Appiah Mensah
It turns out that fewer than 5,000 people have their investments stranded from the troubled gold collector firm, Menzgold Ghana Limited.
DAILY GUIDE has in its possession a list indicating the total number of investors having done business with Menzgold, whose chief executive (CEO) and owner, Nana Appiah Mensah, better known under the name of NAM1, is currently in a state of arrest in Dubai, United Arab Emirates (UAE), following an alleged scandalous gold deal of $ 51 million.
Even if the officials of the Office of Combating Organized and Economic Crime (EOCO), who investigate the activities of Menzgold, are poorly treated, a source says that there are 4,998 customers and not the estimated 46,000 previously published in the media.
Menzgold has a total of seven branches and Dzorwulu Accra, the headquarters, had the largest number of clients.
The total number of clients of this agency according to the list available in this document is 1,608.
The Kasoa branch followed with 978 clients; The Tema branch had 880 customers; East Legon, Accra had 603 customers; Kumasi had 586 customers; Tarkwa in the western region had 269 customers while Kaneshie and Accra had only 74.
It should be recalled that Menzgold's aggrieved customers recently called on government investigative agencies to freeze and publish all Menzgold and NAM1 bank accounts.
However, the source told DAILY GUIDE that "the 46,000 thrown in the media are very false. The figure is far from what we have all heard. The huge investments of the population are involved, so I think we should allow the security agencies to do their job and solve this problem amicably. "
NAM1 was scheduled to appear in a Dubai court between 3 and 4 February 2019, according to the Ghanaian security delegation who visited him, but it is unclear whether he was actually tried.
Menzgold's clients expressed doubts about his arrest in the United Arab Emirates.
Jacqueline Avotri, public relations manager at EOCO, recently announced that the anti-graft corps had obtained a court order to protect Menzgold's properties.
The statement indicated the properties that EOCO had been responsible for securing as properties and vehicles of Menzgold Ghana Limited, Menzgold office complex, Zylofon arts complex, Brew Marketing Consult and Star Madrid football club.
The rest includes Zylofon Music & Media Company Limited, Brew Energy Company Limited, G-Tech Automotive Service, two properties located in the Trbadaco Valley, on Nos parcels. 315 and 337, as well as the parcel no. 54
"By this press release, all employees of the companies concerned, as well as their relatives and friends, who are in possession of such property, must deliver them, under the authority of the High Court, to the headquarters of the Office of the Economic and Organized Crime (EOCO) and regional offices for their own benefit, "said Ms. Avotri.
EOCO stated that "Failure to return one of these badets would constitute contempt of court that would result in the appropriate sanctions".
Context
It should be recalled that the Securities and Exchange Commission (SEC) of 7 September 2018, in a letter, asked Menzgold to suspend its gold trading operations with the public.
The SEC accused Menzgold of making "unlicensed" deposits and informed EOCO for questioning.
EOCO invited the CEO of Menzgold to a possible interrogation, but he would have left the country to go to Dubai where he was arrested on 7 December 2018 at the airport.
He reportedly tried to enter the country to recover $ 31 million from an Emirati company, Horizon Royal Diamonds.
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