Audio By Carbonatix
The Chief Executive Officer of Menzgold, Nana Appiah Mensah, alias NAM1, is still in police custody for failing to meet his bail conditions.
The Accra Circuit Court last Friday granted him bail in the sum of GH¢1 billion, with five sureties.
Per the bail conditions as ordered by the court, three of the sureties must be justified, while NAM 1 must also report himself to the Ghana Police Service every Wednesday.
However, seven days after his bail was granted, NAM1 is still in police custody because he has not been able to meet the conditions of his bail.
Confirming this in a radio interview with Accra-based Citi FM, a management member of the embattled gold firm said they will apply for a review of the bail conditions.
NAM1, together with his wife, Rose Tetteh, and his sister, Benedicta Mensah, have been accused of defrauding 16,000 people of GH¢1.68billion in the name of investing their monies.
The three accused, Menzgold and its sister company, Brew Marketing Consult Limited (both represented by NAM 1), have been slapped with 13 counts.
The counts are defrauding by false pretences, abetment to defraud by false pretences, carrying deposit business without a licence, abetment of sale of minerals without a licence, sale of minerals without a licence, abetment to the unlawful deposit-taking, unlawful deposit-taking and money laundering.
NAM1 has however pleaded not guilty to all the charges. His wife and his sister are, however, at large.
Latest Stories
-
‘Though a year has passed, it feels like yesterday’ – Family mourns Squadron Leader Anala
11 minutes -
‘Keep us in your prayers’ – Family of Squadron Leader Anala appeals one year after helicopter crash
13 minutes -
GNFS rescues two girls trapped in fire at late Dr Murtala Mohammed’s family house
14 minutes -
Kumi-Woode uses ‘Departed 8’ memorial to urge Ghanaians to build lasting legacies
15 minutes -
Ghana’s inflation falls to 4.6% in July as food prices continue to ease
16 minutes -
This past year has been very long, heavy and hard – Widow of Flying Officer Twum Ampadu mourns
16 minutes -
‘Peter was our pillar of strength’ – Family mourns Squadron Leader Anala one year after helicopter crash
18 minutes -
My umbilical cord is buried here – Bagbin pledges continued support for Sombo development
18 minutes -
Our deeds and sacrifices speak after we are gone – Sheikh Aremeyaw at helicopter crash memorial
20 minutes -
Bribery cases decline as more Ghanaians feel included in governance – GSS report
22 minutes -
Highlife to the World campaign for Black Star Experience 2027 launched in Barcelona
26 minutes -
China’s Ambassador Cong Song says people-to-people exchanges are key to strengthening Ghana-China relations
27 minutes -
Ken Ashigbe questions commitment of MMDCEs, police commanders in fight against galamsey
27 minutes -
Government ignoring internal corruption while targeting opponents – Afenyo-Markin alleges
40 minutes -
Galamsey operators exploiting cooperative mining scheme to destroy communities – Erastus Asare Donkor
43 minutes