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In the High Court, new charges have been brought by the Attorney General against Nana Appiah Mensah, also known as NAM1, the beleaguered CEO of Menzgold Ghana Limited.
NAM1 and his companies Menzgold Company Limited and Brew Marketing Consult Limited were charged with a total of 39 charges in the most recent charge sheet submitted at the preferred court.
The Director of Public Prosecution (DPP), Yvonne Atakora Obuobisa, has signed the most recent charge sheet that was submitted on Wednesday, August 30, 2023, with case number CR/0411/2023.
The 39 counts included one count each for selling gold in violation of section 99 (1) of the Minerals and Mining Act of 2006 (Act 703), conducting a deposit-taking operation without a license in violation of sections (1) and 22 (1) of the Banking and Specialized Deposit-Taking Institutions Act of 2016 (Act 930), and inducing investors to make investments in violation of section 344 of the Companies Act of 2019 (Act 992), among others.
The other charges include seven counts of fraudulent trust breach in violation of section 128 of the Criminal Offenses Act of 1960 (Act 29), 22 counts of defrauding by false pretense in violation of section 131 (1) of that act, and seven counts of money laundering in violation of section 1(2)(a)(i) of the Anti-Money Laundering Act of 2020 (Act 1044).
Later in September, a vacation judge is due to hear NAM1 and his two businesses’ defenses to the allegations.
The Circuit Court case in which NAM1 had made 36 court appearances without being tried will be dropped as a result of the most recent action.
Source: Ghanatodayonline.com
