Nana Appiah Mensah, popularly known as NAM1 who is the CEO of defunct Menzgold Ghana Limited, has denied 39 fresh charges levelled against him by the State.
NAM1, who was representing Menzgold Ghana Limited and Brew Marketing Consult, denied any wrongdoing in all the 39 charges.
The 39 counts comprised of a count each of selling gold contrary to section 99 (1) of the Minerals and Mining Act, 2006 (Act 703, Operating a deposit-taking business without a license contrary to section (1) and 22 (1) of the Banking and Specialized Deposit-Taking Institutions Act, 2016 (Act 930) and Inducement to invest contrary to section 344 of the Companies Act, 2019 (Act 992),
The others include 22 counts of Defrauding by false pretense contrary to section 131 (1) of the Criminal Offences Act, 1960 (Act 29), seven counts of fraudulent breach of trust contrary to section 128 of the Criminal Offences Act, 1960 (Act 29) and seven counts of Money Laundering contrary to section 1(2)(a)(i) of the Anti-Money Laundering Act, 2020 (Act 1044).
The defence has made a plea for bail for the accused, which will be considered after presenting the case’s facts.
NAM 1 was slapped with the new charges after he asked Menzgold customers to make payment of GH¢650 for verification before their locked up funds will be released.
Interestingly, he reversed the decision to require former clients to purchase a verification access card in order to verify transactions and validate claims after strong backlash from customers and the public.
Source: Daily Guide
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A Case of Democratic Backsliding Deputy Attorney General, Alfred Tuah Yeboah’s statement that his office will apply for the daily hearing in the case of defunct Menzgold CEO, Nana Appiah Mensah, and NAM1 is troubling. THERE IS NO DOUT THAT AFFECTED MENZGOLD CUSTOMERS DESERVE JUSTICE, but at the same time NAM1 has the right to a fair trial – his attorneys should be granted enough time to adequately prepare for, and respond to, emerging legal issues during his trial in court. Delivery of justice should not be about playing to the gallery but rather upholding the tenets of the rule of law. If our shared understanding of norms like rule of law, access to justice and fundamental human rights is allowed to descend to democratic decay through inaction and lethargy by the present crop of legal minds and human rights activists, then issues like hate speech, divisive language and misinformation, political polarization (us versus them) and fragmentation, will take over the national landscape. From colonial times through one-party governance to military regimes, Ghanaian luminaries and others have fought for freedom and justice. I recall with pride the role that the Ghana Bar Association as member of the Professional Bodies Association and others played in ensuring that Ghana returned to democratic rule during the last millennium. It appears polarization of Ghana’s national discourse has rendered the nation’s luminaries ineffective and fearful. That is why Ghana’s international democracy supporters should demonstrate their commitment to promote our democracy. Allowing this action i.e. “the daily hearing of court cases” to slide would embolden attacks on the country’s other democratic institutions and processes.