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Undisclosed information available to peacefmonline.com has alleged that, gold dealership firm; Menzgold Company Limited is paying off some ‘A-list’ clients who have ‘powerful political’ backings.

According to a statement sighted by Peacefmonline.com and signed by top staff members of Menzgold, the company has no immediate intentions to pay their numerous clients who have their monies locked with them.

The statement alleged that top management including the Chief Executive Officer of the company, Nana Appiah Mensah (NAM1) have made them [staff] “suspicious” with their cloak-and-dagger style of operations.

Menzgold Ghana Limited and its CEO Nana Appiah Mensah have been in the media for some time now following a standoff with the various regulatory organizations over the company’s operations.

The gold dealership firm, which offers very high returns to customers has several inconclusive tussles with the Bank of Ghana (BoG), the Minerals Commission and the Securities and Exchange Commission (SEC).

The Central Bank and Minerals Commission maintain that Menzgold is taking deposits and locally selling gold despite not having the requisite license to do so – an allegation that the gold firm vehemently denies yet stopped its operations a crossed the country.

Some aggrieved clients of gold dealership firm are demanding monies they invested – but they are yet to be paid - the company has also ordered its entire staff to proceed of leave.

However, leadership of the staff in statement has hinted that, top management of the company has started selling off assets for personal gains and to settle their close friends.

The statement also alleged that, some management members are planning to relocate from Ghana to escape any further embarrassment.

“It is unfortunate to say that, aside certain external forces which cased these crises, certain internal misappropriation have been the key factor. Management members have fraudulently acquired properties such as luxury houses, schools, flashy and luxury cars and many more to dwindle the finances of the company. We therefore wish that EOCO investigates them, our source disclosed.” The statement read

Adding that, “It is also sad to not that, whilst staff believed in the products of the company, management members did not believe in it. An investigations into the trading pattern of management showed, they had very little transactions even as compared to most staff who also invested heavily into the company. Some comments of some management members such as “I have acquired enough to live a good life should the company fold u” and many more in recent times depict their intention, they revealed”

The statement also appealed to clients and general public that all information relating to their money rest on the bosom of management who are unwilling to disclose the real fact to the staff members.

“We want to state our loyalty to ensuring that truth stands,” they stressed.