NAM1 in trouble as AG files new charges of 39 counts

Nana Appiah Mensah popularly called NAM 1
Nana Appiah Mensah popularly called NAM 1
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The former Chief Executive Officer for MenzGold, Nana Appiah Mensah (NAM1), has been charged by the Office of the Attorney General after three years and more than 35 adjournments of his trial.

Court documents sighted by GhanaWeb indicate that the Office of the Attorney has slapped NAM1 with 39 charges.

The charges include 25 counts of “Defrauding by false pretence contrary to sections 131(1) of the Criminal Offences Act, 1960 (Act 29); and seven counts of “Fraudulent breach of trust contrary to section 128 of the Criminal Offences Act, 1960 (Act 29)”.

The other charges are seven counts of “Money Laundering contrary to section 1(2)(a)(i) of the Anti-Money Laundering Act, 2020 (Act 1044).”

The Office of the Attorney General indicated that its investigations show that NAM1 truly committed the offences he has been charged with.

“Investigations revealed that the accused persons under false pretences took a total sum of One billion, sixty hundred and eighty million, nine hundred and twenty thousand Ghana cedis (GH¢1,680,920,000) from their customers which these customers have not recovered.

“Investigations further disclosed that between 2017 and 2018, the accused persons transferred huge sums of depositor’s funds from Menzgold Ghana Company Ltd. and Brew Marketing Consult Ltd to Zylofon Media, a company related to Al. Huge sums of money were also withdrawn by Al or transferred into his bank account for his personal use.

“Investigations have established that the money fraudulently obtained from depositors and dishonestly appropriated by the accused persons remained unpaid as Menagold Ghana Company Ltd.’s licence was revoked.

In the course of investigations, a number of vehicles were recovered from the accused persons which have been auctioned, and the proceeds kept in an exhibit account. Some gold bars were also recovered from the accused persons,” parts of the court document, reads.

The court has set September 19, 2023, to commence the hearing of the case.

SOURCE: Coverghana.com.gh

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