Private legal practitioner, Gabby Asare Otchere Darko, is alleging that the beleaguered Chief Executive Officer (CEO) of Menzgold Ghana Limited, Nana Appiah Mensah was arrested but has absconded while on bail.
This revelation comes on the heels of a massive demonstration in Kumasi by some Menzgold customers.
Gabby Asare Otchere-Darko in a Facebook post on Tuesday did not give details about when or how Nana Appiah Mensah, popularly known as NAM 1 was arrested,
“I understand the owner of Menzgold, Nana Appiah Mensah, has breached his bail condition and absconded. We can’t allow those who allegedly dupe people with such impunity to get away with it that easily. Let’s smoke them out, wherever they are, and throw the book at them! While, I will not want a pesewa of my tax money to be involved with this ponzi matter, I believe majority of Ghanaians will agree with me that the law must come down heavily on those who use such schemes to destroy the lives of many people,” Gabby wrote on his facebook page.
Menzgold was asked to suspend its gold trading operations with the public by the Securities and Exchange Commission (SEC).
According to the SEC, Menzgold had been dealing in the purchase and deposit of gold collectables from the public and issuing contracts with guaranteed returns with clients, without a valid license from the Commission.
By: Joseph Nii Ankrah
