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The Chief Executive Officer of embattled goal dealership Menzgold, Nana Appiah Mensah (NAM1) has said he will address the press on the state of happenings on the firm on Monday 19th August,2019.

The gold firm folded up last year after the Securities and Exchange Commission (SEC) ordered it to suspend its operation with the public. Several efforts by the customers targeted at the company to get their monies have failed to yield any positive results.

According to the Commission, Menzgold did not have the license to trade in gold collectibles and that doing so was in contravention of the Securities Industry Act, 2016 (Act 929).

NAM 1 arrived in Ghana on 11 July 2019 and was immediately picked up by the Criminal Investigations Department of the Ghana Police Service.

He was recently granted bail by the court in Ghana following his return to Ghana from Dubai where he had been in custody for about nine months.

He is facing 13 counts of defrauding by false pretences, money laundering, abetment and carrying on deposit-taking business without licence contrary to Section 6 (1) of the Banks and Specialised Deposit-taking Institutions Act.

The CEO of the now-defunct gold-trading firm has come public for the first time in several months and said he will address customers next week.

NAM 1 tweets;

''I will address the press on the 19th August,19, regarding the state of affairs of our companies, with final practical resolutions to all pending teasing matters, geared towards a highly possible rebound soon. Stay tuned to Zylofon fm & tv for updates.#GhanaShallProsper✊

silveronline24

Last modified on Wednesday, 14 August 2019

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