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NAM1 Saga: Court Ruling Today (Details)

NAM1 Saga: Court Ruling Today
NAM1 Saga: Court Ruling Today

Nana Appiah Mensah who is currently being detained for an alleged fraud case in connection to Menzgold, an embattled gold dealership firm he happens to be CEO of has been given a new court ruling today.

The court ruling today has hinted that Nana Appiah Mensah’s bail bond still remains the same. However, the conditions pertaining to the sureties have been varied.

Formally, he had five(5) sureties with three(3) to be justified.

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Nana Appiah Mensah aka NAM1
Nana Appiah Mensah aka NAM1

Currently, he is been given 5 sureties without any justification. These five person standing as sureties should be persons with good standings and gainfully employed.

Background

Being the CEO of Menzgold, Nana Appiah Mensah, aka NAM1, has been charged with two counts of abetment to defraud by false pretence and two counts of abetment to carry out banking business without licence, contrary to Section 6 (1) of the Banks and Specialised Deposit-taking Institutions Act, 2016 (Act 930).

NAM1 who returned to Accra on Thursday July 11, 2019 after months of detention in Dubai in the United Arab Emirates is expected to appear before the Accra High Court today for allegedly defrauding 16,000 customers of more than GH¢1.68 billon between January 2017 and September 2018.

Source: OccupyGh.com 

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