Nana Appiah Mensah, CEO of defunct Menzgold Ghana Limited, has pleaded not guilty to 39 counts of alleged defrauding of Ghanaians totalling GHC 1.68 billion.
Nana Appiah Mensah and Brew Marketing Consult appeared before the court on Tuesday where the three, Nana Appiah Mensah, Menzgold Ghana Limited and Brew Marketing Consult have been charged with 39 counts.
The charges are 22 counts of defrauding by false pretence, seven counts each for money laundering and fraudulent breach of trust.
The other counts include one count each for inducement to invest, operating a deposit-taking institute without a license and selling gold without a license.
The court documents have revealed that Nana Appiah Mensah, through Menzgold Ghana Limited and Brew Marketing, allegedly induced customers to part with GHc 1.68 billion, some of which was transferred into personal accounts of NAM1, Zylophone Media, and Abigail Mensah.
He is also accused of using his media firm to launder monies he knew were crime proceeds.