Menzgold fraud trial: Court to decide on NAM 1’s ‘no case’ application today

An Accra High Court is set to determine on July 10 whether Nana Appiah Mensah, known as NAM 1, will be acquitted or required to open his defense.

NAM 1 and his companies, Menzgold Ghana Limited and Brew Marketing Consult Ghana Limited, face 39 charges, including selling gold without a license, operating a deposit-taking business, and money laundering.

On June 11, both prosecution and defense presented their arguments.

Defense lawyer Kwame Akuffo claimed insufficient evidence, highlighting only eight witnesses testified.

The prosecution countered, emphasizing NAM 1’s alleged fraudulent activities and the substantial impact of his advertisements. NAM 1 remains on GH¢500 million bail, having pleaded not guilty to all charges.