Nana Appiah Mensah was found to have operated a Ponzi scheme under his gold dealership company, MenzGold. The new charge sheet were filed today, August 30, at the High Court and the case is expected to be heard on Tuesday, 19 September 2023.
The Office of the Attorney-General has filed over 30 fresh charges against MenzGold’s Nana Appiah Mensah, known widely as NAM 1.
The new charge sheet was filed today, August 30, at the High Court and the case is expected to be heard on Tuesday, 19 September 2023.
Nana Appiah Mensah who operated a Ponzi scheme under his gold dealership company, MenzGold Company Limited was arrested in 2019 and later granted bail resulting in a three-year pending criminal case at the Circuit Court.
In light of the new charges filed today, the AG has also filed a nolle prosequi to discontinue the pending criminal case against the accused at the Circuit Court.
The new charges against NAM 1 are;
i. one count of selling gold contrary to section 99 of the Minerals and Mining Act, 2006 (Act 703), one count of Operating a deposit-taking business without a license contrary to section (1), and 22 (1) of the Banking and Specialized Deposit-Taking Institutions Act, 2016 (Act 930),
ii. one count of inducement to invest contrary to section 344 of the Companies Act, 2019 (Act 992),
iii. 17 counts of defrauding by false pretense contrary to section 131 (1) of the Criminal Offences Act, 1960 (Act 29),
iv. seven counts of fraudulent breach of trust contrary to section 128 of the Criminal Offences Act, 1960 (Act 29),
v. seven counts of Money Laundering contrary to section 1(2)(a)(i) of the Anti-Money Laundering Act, 2020 (Act 1044).
Source: DL News