Suspend lawsuits against NAM 1 – The petition of Menzgold AG's customers

General News of Sunday, July 21st, 2019

Source: citinewsroom.com

2019-07-21

A coalition of aggrieved customers of the mineral trading company, Menzgold Ghana Limited, urged the attorney general to stop the lawsuit against Nana Appiah Mensah, the company's CEO.

In a petition, the group, which calls itself the Menzgold Injured Customer Coalition, said: "The welfare of the customers should prevail over all other decisions of the state."

"As a coalition, the state has the power to delay criminal proceedings against NAM1 and aims instead to ensure that thousands of Ghanaian citizens whose investment is blocked are paid."

"There should be no hurry to sue when suffering clients have become homeless, abject poverty, more than 20 people have already died, and others are still sick and bedridden; I do not know how the money could be paid. "

The coalition had hoped that the government would set up a joint committee as it had asked for the payments.

The group said that he was alarmed to learn that the state was prosecuting instead of following "the call for the establishment of a joint committee".

Mr. Appiah Mensah has been charged with Fraud for Fraudulent Claim and Unlicensed Banking Transaction, in violation of Section 6 (1) of the Bank Act and Specialized Deposit Institutions.

He was placed in police custody by an Accra circuit court and his case was referred back to July 26, 2019.

According to Mr. Appiah Mensah's indictment, he was accused of defrauding 16,001 clients for about 1.68 billion GHc.

Prior to his arrival, Menzgold's CEO had spent six months in police custody in the United Arab Emirates following a criminal case brought by a private company in the Middle East.

In the petition, the group reiterated its request for a joint committee that would include appointed members of its group, legislators and government officials "with convincing or statutory powers to work to pay our money ".