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Business News of Thursday, 27 April 2023

    

Source: GNA

NAM 1’s case adjourned to June 8

CEO of defunct Menzgold Ghana Limited, Nana Appiah Mensah CEO of defunct Menzgold Ghana Limited, Nana Appiah Mensah

An Accra Circuit Court has adjourned to June 8, the case of Nana Appiah Mensah, aka NAM 1, Chief Executive Officer of Menzgold Ghana Limited, accused of duping customers of their deposits over GH¢1.6 billion.

Appearing before the substantive Judge, Evelyn Asamoah, adjourned the matter after the police had told the court that they were still waiting for the Attorney General's advice.

Assistant Superintendent of Police (ASP) Emmanuel Haligah who held brief of Superintendent of Police Sylvester Asare therefore prayed the court for a date.

Audrey Twum held a brief of Kwame Akuffo for the accused person.

This is the 34th time the matter has appeared before the court in the past two years.

Nana Mensah is standing trial for 61 counts of abetment, defrauding by false pretences, carrying on deposit-taking business without license, unlawful deposit-taking and money laundering.

The accused persons have denied the charges and the court on July 26, 2019, admitted him to bail in the sum of GHS1 billion with five sureties, three to be justified.

The court has ordered him to report to the Police every Wednesday, pending the outcome of the case