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Attorney General pushes for daily hearing of NAM 1’s case

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The Attorney General has served notice it will push for a daily hearing in the case of Nana Appiah Mensah, also known as NAM 1, the CEO of the defunct Menzgold Ghana Limited

Deputy Attorney General Alfred Tuah Yeboah, announced that his office will be applying for a daily hearing.

The CEO of the defunct company NAM 1 is standing trial over fraud related crimes.

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He has been charged with 39 counts of fraud and money laundering charges.

He has pleaded not guilty to all the charges.

Speaking to journalists on Tuesday, September 19, the Deputy Attorney Geneeal said “We are of the humble opinion that this is a matter that we must apply to the courts for an expedited hearing, so at the case management we will put up that application and request to the court, subject to the court’s convenience to have this matter heard on daily basis.”

Meanwhile, Nana Appiah Mensah has been granted bail to the tune of GH¢500 million with four sureties, none to be justified.

He has also been directed to deposit his passport at the court registry as part of the bail conditions.

Mr. Mensah has also denied circumventing the laws of Ghana to operate an illegal gold deposit-taking business.

His lawyer, Kwame Akuffo, told the High Court on Tuesday, September 19, his client did not circumvent the Banking and Specialised Deposit-Taking Institutions Act, 2016 (Act 930) as alleged by the prosecution.

The lawyer told the court that the Bank of Ghana (BoG) advised him to change the name of his company from Menzbank to Menzbanc and to set up a third company, Brew Marketing Consult, to keep the gold marketing business distinct from the business of Menzgold.

“Indeed, in meetings with the BoG, it was the BoG that recommended that a third accused company ( Brew Marketing Consult) be set up in order to ensure that the gold marketing business was kept distinct from the business of Menzgold.”

By: Rainbowradioonline.com/Ghana

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