Home / News / Is NAM1 Unable To Meet ‘Just’ Ghc1bn Bail? Still Behind Bars…

Is NAM1 Unable To Meet ‘Just’ Ghc1bn Bail? Still Behind Bars…

Lawyers for embattled CEO of Menzgold, Nana Appiah Mensah has revealed that their client (NAM1) is still behind bars after struggling to meet the ‘outrageous’ GHc1bn bail requirement.

The court, as part of the bail conditions, said he was to present five sureties, three of whom must be justified but it seems the whole process is just too much for NAM1 to undertake.

Meanwhile, some angry Menzgold customers are fighting for NAM1 to gain his freedom in order to enable him to roll their payment plans.

Details Of NAM1’s Court Case;

NAM1 has been slapped with 13 counts of defrauding by false pretences, money laundering, abetment and carrying on deposit-taking business without licence contrary to Section 6 (1) of the Banks and Specialised Deposit-taking Institutions Act, 2016 (Act 930).

Nana Appiah Mensah arrived in Ghana on July 11, 2019 where he 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 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).

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.
Provide list of NAM1’s alleged 16,000 accusers – Lawyer to Prosecutors
Lawyer for NAM1 had earlier challenged the State to provide the list of the alleged 16,000 complainants who claimed that they have been defrauded by his client.

NAM1 through his lawyer Kwame Akuffo during the court hearing on Friday indicated that he will demand the state to list all the 16,000 persons who are said to be complainants in the case brought by the state.

According to the lawyer, it is a requirement for an accused person to know his accusers to be able to defend himself.


Check Also

If Former President John Mahama Hadn’t Prevented Me, I Would Have Met Bill Gate – Joyce Mensah Dzidzor

FORMER HIV/AIDS AMBASSADOR AND ATTENTION SEEKING SOCIAL MEDIA NUDIST, JOYCE MENSAH DZIDZOR HAS REVEALED HOW …

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: