CEO of defunct gold dealership firm Menzgold, Nana Appiah Mensah, has been granted bail to the tune of GH¢500 million with four sureties.
The accused, popularly known as NAM 1, has also been directed to deposit his passport at the court registry as part of the bail conditions.
This comes after Attorney General, Godfred Yeboah Dame filed new charges against him on August 30.
The AG slapped NAM 1 with 39 counts of offences including money laundering abetment, defrauding by false pretence, carrying on deposit-taking without the requisite license, unlawful deposit-taking and money laundering among other charges.
This is a reduction from the initial 61 charges brought against him.
The Attorney General commenced investigations against NAM 1 in 2019 when he was accused of defrauding thousands of customers of millions of Ghana cedis through his gold dealership firm.
But the case witnessed several adjournments until fresh charges were filed on August 30, 2023.
The new charges came after Mr Appiah Mensah announced plans to unfreeze locked up funds of Menzgold customers after payment of ¢650 for verification.
https://www.myjoyonline.com/dont-compare-menzgold-to-dkm-nana-appiah-mensah/
However, NAM 1, has pleaded not guilty to all 39 charges.
Latest Stories
-
Train accident: Four accused persons granted GH₵800K bail
7 mins -
Akufo-Addo to order release of KPMG report
11 mins -
GPL: ‘My players had a psychological problem’ – Aboubakar Ouattara on Hearts poor run
13 mins -
Hindsight: Fatawu Issahaku’s positive defiance pays off
14 mins -
Today’s front pages: Thursday, May 4, 2024
18 mins -
Luis Rubiales to stand trial over World Cup kiss
22 mins -
Tuchel says offside decision ‘felt like betrayal’
28 mins -
Ohemaa Nyanin: The American-Ghanaian pushing boundaries in the Women’s NBA
28 mins -
Bawumia promises to build Islamic Colleges of Education
44 mins -
Bawumia’s ‘Ghana beyond cocoa and gold’ policy will stabilise cedi – Ahiagbah
56 mins -
I’ll establish common-user processing facilities in various mining districts – Bawumia
1 hour -
Collective effort needed to win galamsey fight – Bawumia
1 hour -
‘Stinky SML scandal won’t die’ – Manasseh to Akufo-Addo over refusal to release KPMG report
1 hour -
Upper West Regional Minister assures Wa Na of halting state lands-grab in Wa
1 hour -
May 9 disaster commemoration is GFA’s biggest tribute to those who died – Kurt Okraku
2 hours