Nam 1 hearing date in Dubai corrected to 'February 3 or 4'

General News of Wednesday, January 23, 2019

Source: ghananewsagency.org

2019-01-23

Menzgold Ghana Limited's chief executive, Nana Appiah Mensah (NAM1), who is facing criminal charges in the United Arab Emirates (UAE), will prefer to make her next court appearance on 3 or 4 February 2019.

A source from the Organization for Combating Organized and Economic Crime (EOCO) told the Ghana News Agency that it intended to clarify why February 2, Saturday, was set for his appearance before the court, as indicated in the Joint Statement of 18 January. , by EOCO and the Ghana Police.

The source said that if the UAE police had been communicated on February 2 to the Ghanaian delegation in charge of the investigation and charged with the investigation, it was also explained that under the law of the In the United Arab Emirates, an accused was supposed to appear in court after warrant expiry. its date of detention on remand.

"The date of Nana Appiah Mensah's pre-trial detention expires on 2 February. As it is a Saturday, he is likely to go to court on February 3 or 4, "he explained.

As the Emirates work week begins on Sunday and ends on Thursday, some badysts were surprised to see that it would appear in court on a Saturday, which is not a business day.

Thousands of Ghanaians are worried about the possible loss of their investments, estimated at millions of Ghanaian cedis in Menzgold, whose gold concession activities were unregulated. The Security and Exchange Commission ordered him to stop receiving new deposits.

The company, which paid at least 8% of monthly interest rates on its investments, was unable to pay its clients their return or capital.

Menzgold 's boss was reportedly arrested while he was fetching his money from a Dubai company as part of a gold deal for an amount of about $ 51 million.

This was uncovered after the Criminal Investigation Department of the Ghana Police obtained a warrant from an Accra circuit court on Wednesday, January 9, for his arrest. on charges of fraud under false pretenses and money laundering.

This information had been preceded by reports that he had violated bail conditions granted by the National Investigation Bureau, which was investigating him. It could not be found.

According to EOCO, although it was also investigating Menzgold for possible violation of the 2016 Law on Banks and Specialized Deposit Institutions (Law 930), as reported to it by the Bank of Ghana (BoG), it There was a lack of cooperation. on the side of his boss.

However, the fact-finding delegation stated that the UAE authorities would make Nana Appiah Mensah available to their Ghanaian counterparts during the final determination of her case.

In the meantime, they said, he cooperated with the delegation and provided security and legal officials with a detailed statement to badist them in their investigations of the Menzgold saga so that the necessary steps could be taken.

The statement of 18 January, which was signed jointly by David Eklu, Deputy Commissioner of Police (ACP), Director General of the Directorate of Public Affairs of Ghana Police and Mr. Abu Issah, Deputy Chief of the Prosecution Service and EOCO prosecutions, have pledged that both bodies be resolved to continue their investigations and procedures to resolve the problem.