Nana Appiah Mensah

Chief Executive Officer (CEO) of Menzgold, Nana Appiah Mensah, popularly known as NAM1, has revealed that he was framed by Arabian debtor, Royal Horison on his arrival in Dubai.

Speaking at a press briefing in Accra, the embattled CEO said with the desist order from the Securities and Exchange Commission (SEC) in Ghana concerning his activities, his firm had to meet the payment obligations of customers.

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As a result, he embarked on debt recovery overseas only to be framed by the Diamond Company, a case he described as ‘bogus’.

“With the cease and desist from SEC, we had to meet the payment obligations of customers. I embarked on debt recovery overseas. I was framed by Horizon Royal Diamond on my arrival in Dubai with a bogus claim,” he said.

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He said Menzgold is available for fair supervision, but opposed to no supervision or supervision with malicious intent.

NAM1 noted further that in the past five years, Menzgold, Ghana consistently met the demands of customers and partners globally.

Mr Mensah was recently granted bail by the court in Ghana following his return to Ghana from Dubai where he had been in custody for about nine months.

NAM1 is facing 13 counts of defrauding by false pretences, money laundering, abetment and carrying on deposit-taking business without licence contrary to Section 6 (1) of the Banks and Specialised Deposit-taking Institutions Act.

Source: | Dorcas Abedu-Kennedy