An Accra Circuit Court has adjourned the hearing of the case of the Chief Executive Officer (CEO) of troubled gold dealership company, Menzgold Ghana Limited, Nana Appiah Mensah (NAM1) to Monday, December 23, 2019. This follows a request made by the prosecutor, ASP Sylvester Asare for the court to grant him more time to conclude investigations that are at advanced stages.
The court presided over by Her Honour Harriet Akweley Quaye, following the request, adjourned the case. Nana Appiah Mensah after his second appearance in court in July 2019, was granted a GH¢ 1 billion bail by an Accra Circuit court. He was to present five sureties, three of whom must be justified.
The beleaguered CEO is on trial for two counts of abetment to defraud by false pretence and two counts of abetment to carry out banking business without licence, contrary to Section 6 (1) of the Banks and Specialised Deposit-taking Institutions Act, 2016 (Act 930).
On July 11, 2019, NAM1 was picked up by security operatives at the Kotoka International Airport and sent to the Criminal Investigations Department (CID) of the Ghana Police Service for interrogation after spending several months in Dubai in another legal battle.
NAM1 accused of bagging GHc1.68bn from customers
Nana Appiah Mensah has been accused of defrauding his customers of about GHc1.68 billion. According to the charge sheet, the money was from about 16,000 people who invested a total of GHc1,680,920,000 in the company.
The charge sheet indicated that Mr. Appiah Mensah’s two companies — Brew Marketing Consult and Menzgold Ghana Limited; represented by him, have also been charged with defrauding by false pretence, contrary to sections 20 (1) and 13 (1) of the Criminal Offences Act, 1960 (Act 29). The two companies have also been charged with carrying out a deposit-taking business without a licence, contrary to Section 6 (1) of Act 930.
Mr. Appiah Mensah’s sister and his wife, Benedicta Appiah and Rose Tetteh, have also been charged with two counts of abetment to defraud by false pretence and two counts of abetment to carry out banking business without a licence, contrary to Section 6 (1) of Act 930. The charge sheet explained that the accused persons purportedly aided Brew Marketing Consult and Menzgold to defraud the customers.