Violent approach of Menzgold customers needless – Afenyo Markin

Member of Parliament for Effutu Constituency, Alexander Afenyo-Markin has cautioned aggrieved customers of embattled gold trading firm, Menzgold about the approach they have adopted to recover their locked up monies.

The Private Legal practitioner described their violent approach as needless stressing that the situation was a dicey one which could easily lead to the plaintiffs losing their monies.



Read full article“For customers or clients of Menzgold, they should remain calm, their violent approach is needless. And for those who think they can politicize it, I tell them it is much ado about nothing,” he advised.

"... if you prosecute the man, and you look at the Financial Task-force Regulation, there is a strong recommendation for a civil forfeiture procedure in matters as complicated as we find it now. Again, you wouldn’t get what you want," he added.

There’s been an upsurge of demonstrations nationwide by several aggrieved customers whose numbers are yet to be confirmed at the various branches of Menzgold after reports went viral that the Chief Executive Officer had bolted from the country.

A shutdown order by the Securities and Exchange Commission followed by government’s assurance that it will not refund locked up monies of customers generated public outrage.

Following the ‘relocation’ of the Menzgold boss, An Accra Circuit Court issued a warrant for his arrest last week but a press release by the police Monday indicated that NAM1 was arrested in the United Arab Emirates (UAE) capital on December 7 after “a gold deal gone wrong.”

Government sent a delegation comprising of Deputy Attorney General, Joseph Dindiok Kpemka, a representative from the Economic Organised Crime Office (EOCO), the Bureau of National Investigation (BNI) and National Security to negotiate with authorities to repatriate him to Ghana to face prosecutions for fraud but they returned Friday without Nana Appiah Mensah.