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Menzgold Customers will surely get justice – Attorney-General assures

September 4, 2023
dame

Godfred Yeboah Dame, the Attorney General, has assured customers of Menzgold Ghana Limited, the defunct gold trading company, of justice.

He stated that the 39 new charges filed against Menzgold CEO Nana Appiah Mensah, aka NAM 1, will result in justice for the customers.

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Among other charges, the embattled CEO is facing 39 counts of defrauding by false pretence, engaging in gold trading without a licence, and money laundering.

Dame criticized a defunct dealership firm as a Ponzi scheme, causing homeless individuals, broken marriages, and some fatalities, during his keynote address at the 40th International Symposium on International Crime.

“It called itself Menzbank and metamorphosed into a number of names before eventually taking up the name Menzgold. It dealt with the purchase of gold collectables from the public and issued contacts with guaranteed returns to the public without a license from the relevant authorities…I am happy to state that after painstaking investigations, criminal prosecutions have commenced into the perpetrators,” he stated.

Dame deemed the scandal involving Adjenim Boateng Adjei, former PPA boss, as the most shocking procurement-related corruption scandal involving public officials.

“A detection of false or inconsistent claims by contractors is often hampered by the illicit protection extended by public procurement officers who have the mandate to detect and revise them. The most chilling and perhaps shocking case of such dealing was witnessed when the former head of the PPA was implicated in what was notoriously described as the contract for sale phenomenal. As the head of the PPA, he was alleged to have established a company in which he held majority shares and which also actively bid for government contracts and which was subsequently sold to other contractors at a higher price.”

“The regulation of this act promptly resulted in the termination of his employment by the president of the republic and the withdrawal of his membership by various professional institutions and his prosecution which is ongoing,” he added.

By: Rainbowradioonline.com/Ghana

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