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NANA APPIAH MENSAH ARRESTED IN DUBAI is reliably informed that Nana Appiah Mensah, Chief Executive of Menzgold, the gold dealership company at the centre of heated controversy since its collapse in September last year, has reportedly been arrested in Dubai.

A warrant for his arrest was issued by a circuit court on 9 January, 2019 after he failed to pay back monies owed to investors in his failed company.

The government of Ghana had exerted huge pressure on the law-enforcement agencies and financial regulators to bring the failed company boss to book

The Daily Statesman has confirmed through sources inside Interpol that the fugitive boss, popularly known as NAM1, was arrested following a complaint by a gold dealer who alleges that he has been duped by the Ghanaian in Dubai.

The Economic and Organised Crimes Organisation (EOCO) had been investigating Appiah Mensah before he jumped bail conditions set by the Bureau of National Investigations. EOCO has confirmed that it has established contact with the detainee in Dubai.

Menzgold promised clients monthly interest of between 7 and 10% interest on “gold collectibles” deposited with the company.

The unlicensed dealership was said to have attracted up to 60,000 depositors despite repeated warnings by the Bank of Ghana and the Securities and Exchange Commission not to do business with the company.

#In the past week, apologists for Menzgold from senior spokesmen fror the opposition NDC to NAM1’s self-appointed chief defender Bulldog, head of A&R at Appiah Mensah’s Zylofon Artists.

Source: and The Daily Statesman

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