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General News of Friday, February 1, 2019
Source: Graphic.com.gh
2019-02-01
Zylofon Media
The Office of Combating Organized and Economic Crime (EOCO) said it would continue to protect the badets of Menzgold Ghana Limited, in trouble, until the court decides otherwise.
She explained that the office was legally responsible for preserving the badets of the company and its subsidiaries.
"We do not collect money for anyone, but we think that what we do will allow us to seriously tackle the problem in the long run," said Nana Antwi, deputy executive secretary of the agency. EOCO, in charge of the operations. in Accra on Thursday.
He also stated that EOCO was not responsible for repaying investments from Menzgold's customers.
Nana Antwi revealed that two people were arrested on January 30, 2019, for removing objects from Zylofon Media's premises in East Legon, Accra.
The two men, allegedly abducting 10 air conditioners, are currently in custody at the East Legon Police Station.
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Nana Antwi, however, refused to reveal the identity of the suspects after investigations.
The arrests
For her part, Ms. Jacqueline Avotri, public affairs manager at EOCO, explained that the arrests were aimed at enforcing a court decision confirming the freezing of the properties of Menzgold and other badociated companies.
She warned that any act of any person likely to impede the work of EOCO would be treated according to law.
Ms. Avori urged the public to help EOCO by providing information that could facilitate investigations at the following phone numbers: 0244381441, 0302634363 and 0302665559, as well as an e-mail address: [email protected]
Context
Thousands of Menzgold's afflicted clients have been locking their money into the company since August 2018.
Some took to the streets to demand the release of their funds, while Menzgold and the authorities fought a war of words.
On September 12, 2018, the Securities and Exchange Commission (SEC) ordered Menzgold to immediately cease its investment activities for breach of the Securities Industry Act, 2016 (Law No. 929).
The SEC order also enjoined Menzgold to stop advertising its investment activities and not to create new contracts with depositors.
Nana Appiah Mensah, CEO of Menzgold, remained unknown until the news was revealed that he had been arrested in Dubai for signing contracts that had gone wrong.
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