The Chief Executive Officer (CEO) of Menzgold Ghana Limited, Nana Appiah Mensah, aka NAM1, has been charged with 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).
NAM1 who returned to Accra on Thursday July 11, 2019 after months of detention in Dubai in the United Arab Emirates is expected to appear before the Accra High Court today for allegedly defrauding 16,000 customers of more than GH¢1.68 billon between January 2017 and September 2018.
Two of his companies — Brew Marketing Consult and Menzgold Ghana Limited — represented by him, have each been charged with defrauding by false pretence, contrary to sections 20 (1) and 13 (1) of the Criminal Offences Act, 1960 (Act 29), reports Graphic Online's Mary Mensah in charge of the crime beat.
The two companies have also been charged with carrying out a deposit-taking business without licence, contrary to Section 6 (1) of Act 930.
Also facing the law are his sister and his wife, Benedicta Appiah and Rose Tetteh, respectively, who have been slapped with 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 Act 930. The two women are, however, at large.
Particulars of the offences
A charge sheet sighted by Graphic Online's Mary Mensah stated that between January 2017 and September 2018, Brew Marketing Consult and Menzgold defrauded one Francis Agodzie and 16,000 others of more than GH¢1.68 billon.
It further accused the two entities of carrying out an illegal deposit-taking business during the same period.
The charge sheet explained that Mensah, Appiah and Tetteh aided Brew Marketing Consult and Menzgold to defraud the customers of the GH¢1.68 billon.
With regard to the charge of abetment to carrying out deposit-taking business without licence, the three suspects are accused of aiding the two companies to illegally carry out a deposit-taking business.
Source: Daily Graphic
Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority. |
Say again Kwaku, say again.
Trust me nothing will happen, the charge is only on paper. Anas # 12 is chilling and shiiit is happening. This is the result of by force power because anything goes and so one cannot bite when power is given after all the lies, deceit and false beliefs. Ghana is a country where the best liar can grab anything. We dont elect people of substance and so we will always fall for it because of our inward tribalistic agendas and corrupt behaviour, whether ndc or npp. Are we growing taller as a country or we are growing wiser? A country where the idioots represent the people because of our stupiiiid, myopic tribalistic shiiit
SO WHICH ONE IS MORE IMPORTANT, PAYMENT OF CLIENTS OF PROSECUTING HIM. CAN'T COMMON SENSE REIGN A BIT. IF HE CAN PAY WHICH I BELIEVE THE GOVERNMENT KNOWS BY NOW THAT HE CAN, WHY NOT GET THAT PROCESS UNDER WAY TO CALM TEMPERS THAN THIS REMAND ISSUE AND COURT ISSUE. WILL YOU IMPRISON NDOUM, UNIBANK BOSS, BEIGE, AND ALL THOSE DEFUNCT BANKS AND SAVES AND LOANS COMPANIES WHO EVEN HAD THE SO CALLED LICENSE BUT CAN'T PAY PAY CUSTOMERS THEIR DEPOSITS. SICK COUNTRY
Joke of the year, so nobody knew that the guy was operating ponze scheme, yet all officials from the government accorded him vip status.Are we serious as a nation or the law must be applied selectively. Yes banana republic ghana.