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MENZGOLD: STATE PROSECUTORS CLOSE CASE ON NAM1 TRIAL OVER GH¢340M CUSTOMERS FUND

State Prosecutors have closed their case in the case in which Chief Executive Officer (CEO) of Menzgold Ghana Limited, Nana Appiah Mensah is standing trial for defrauding customers in the sum of over GHc340 million.

This was after the lawyers of Nana Appiah Mensah also known as NAM1 concluded their cross-examination of ASP Charles Nyarko, the Investigator who was the 8th Prosecution Witness in the ongoing trial.

Following the conclusion of Counsel for the Accused, State Prosecutors led by the Director of Public Prosecutions Mrs. Yvonne Atakora Obuobisa said “This is our last witness and we close our case.”

On December 20, 2023, the trial officially began with Stephen Attopoe, a Civil Engineer called by the Prosecution as the first witness.

The Prosecution on the other hand has up to May 6, 2024, to file their reply of the submission of no case.

Justice Owusu-Dapaa has also said the parties would be given 20 minutes each to highlight the key points on May 14.

NAM1 and two of his companies – Menzgold Ghana Limited and Brew Marketing Consult Ghana Limited have been charged with 39 counts of selling gold without a license, operating a deposit-taking business, inducement to invest, defrauding by false pretense, fraudulent breach of trust and money laundering.

The allegations leveled against them relate to them defrauding their customers of various sums of money between 2016 and 2018, totaling GH¢340,835,650.

NAM1 has pleaded not guilty to all the charges and is on bail of GH¢500 million with four sureties.

Source : Starr FM

 

 

 

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