May 30, 2024

Proud Menzgold Customers have called on the government to come to their aid and help Nana Appiah Mensah (NAM1), the Chief Executive Officer of the defunct gold dealership company Menzgold, retrieve his investments in Dubai to settle the debts owed Menzgold customers.

According to them, prosecuting NAM1 will not serve the interest of the customers so the only thing they are requesting from the government is to help them get their money back.

NAM 1 is currently facing  39 counts of selling gold without licence, operating deposit-taking business, inducement to invest, defrauding by false pretence, fraudulent breach of trust and money laundering.

According to the state, between 2016 and 2018, NAM1 defrauded customers of Menzgold sum of money totalling GH¢340,835,650.

But addressing the media, Convenor of Proud Menzgold Customers, Maurice Ampaw Esq, stated that the prosecution of NAM1 will end up with two things whether he will be sentenced or acquittal and discharge but none of them serve their interest.

“We are somehow worried, as proud Menzgold Customers we are saying that every Menzgold Customer has one interest and the paramount interest of a Menzgold Customer is the retrieval of our money, our lost investments. Nothing more, nothing less.” Lawyer Maurice Ampaw said.

“And I believe that what is happening at the court, the prosecution of Menzgold and NAM1 and the sister companies, we don’t have an issue but that serves our interest. Granted the matter before the court, the prosecution of NAM1 will end up in two things, 1. either NAM1 will be convicted and sentenced, and the sentence can come in any form, it can be a pardon, it can be a custodial sentence, it can be a fine or any other form. 2. NAM1 can be acquittal and discharge in both scenario it does not serve our interest, it doesn’t bring back our money so to us what is happening in the court does not serve our prime interest of the Menzgold Customers because if NAM1 is incastrated, we don’t get our money back, if NAM1 is acquittal and discharge, we don’t get our money back.” He indicated.

The renowned Lawyer believes what will help them to get their money back is to believe in what NAM1 stands for.

“What will make us get our money back is to continue to believe in what NAM1 stands for, currently, NAM1 has produced a lot of documented evidence where NAM1 has petitioned almost every important personality in the country. The evidence is clear, Nana Appiah Mensah has a lot of money at Dubai, we all know what has happened to him at Dubai and those monies are there, when we are able to get those monies back, the issue of payment of our money will be a thing of the past” Maurice Ampaw added.

In 2018, Securities and Exchange Commission (SEC) asked Menzgold to suspend its gold trading operations with the public.

According to the SEC, Menzgold had been involved in the purchase and deposit of gold collectables from the public and issuing contracts with guaranteed returns to clients without a valid license from the Commission.

According to Lawyer Maurice Ampaw, Menzgold has contributed a lot to the development of the country so the company should be protected.

“Proud Members of Menzgold believe that Mnezgold has come to stay, Menzgold has come to stay, Menzgold has contibuted a lot to the national development and this is the time that beneficiary of Menzgold achieve one goal of getting our monies back” He stressed.