Embattled gold dealership firm, Menzgold Ghana Limited, has petitioned Parliament over its inability to pay clients.
Menzgold wants the lawmakers to serve as arbiters in their battle with the Securities and Exchange Commission (SEC), whch has asked the company to shut down its gold vault market – which was not licensed.
In the petition sent to the Finance Committee of Parliament, Menzgold is asking for “a comprehensive payment plan to pay off completely all customers who wish to discontinue their trading of gold collectibles.”
Secondly, the company is asking for “halting of the online migration until the matter is fully resolved pending directive from the regulators.”
Menzgold also wants to withhold gold collectibles trading operations for three months to organise and restructure corporate operations.
“To revise the business module and review the percentage offering on our gold collectibles trade,” the petition said.
Finally, Menzgold is asking to commence full operations as may be directed by SEC after all has been settled.
Property to be auctioned
Meanwhile, trouble looms for the company elsewhere. A circuit court in Kumasi has ordered the auctioning of property to pay off the monies owed an aggrieved customer.
The building housing Menzgold’s Kumasi office
The Attorney-General has also been petitioned by some customers who have expressed fears that the Chief Executive of Menzgold, Nana Appiah Mensah, has absconded to South Africa.
Read: Menzgold client petitions Akufo-Addo; claims NAM1 relocates to SA
Nana Appiah Mensah
They also fear that the company is liquidating its assets.
They have asked the President to ensure his apprehension and possible prosecution.
Latest Stories
-
Joe Lartey Sr: A voice that brought life to Ghana sports and beyond
24 mins -
Australians call for tougher laws on violence against women after killings
2 hours -
African Development Council establishes mission in Benin for Francophone countries
3 hours -
Okyeame Kwame reveals his secret to longevity in music industry
3 hours -
Youthful-looking 60-year-old woman qualifies for Miss Argentina contest
3 hours -
Ejisu By-Election: Campaign heats up as NPP holds final rally ahead of Polls on Tuesday
3 hours -
Rwanda plan: Irish government wants to send asylum seekers back to UK
3 hours -
Ice cubes now cost more than bread and milk in parts of Mali
5 hours -
Titanic gold pocket watch sells for £900,000
6 hours -
Elon Musk in China to discuss enabling full self driving – reports
6 hours -
Foreign Affairs Ministry advises against travelling to Northern Mali
6 hours -
After dating him for three years, I proposed to my husband
6 hours -
Beatrice ‘Bee’ Arthur tackles plastic pollution through artistic exploration
7 hours -
Hundreds turn out for Luv FM/Telecel Fitness Walk in Kumasi
7 hours -
Ghana Post launches Asantehene Commemorative Stamp
7 hours