Audio By Carbonatix
The Financial and Economic Crimes Division of the Accra High Court has granted permission to the Economic and Organized Crime Office (EOCO) to sell properties of Chief Executive of defunct Menzgold, Nana Appiah Mensah.
The judgement by Justice Afia Serwaa Asare Botwe follows a motion filed by EOCO asking the court to allow it to auction the properties of the defunct company.
The companies that will be sold along with their assets include; Brew Energy, G-Tech Automobile Service. Zylofon Art Complex, Brew Marketing Consult, Star Madrid Football Club, Zylofon Music and Media Company Limited.
Also, two properties located at Trassaco Valley, an uncompleted residential property and 510 acres of land said to belong to NAM 1, were also frozen by the court.
On January 18, 2021, lawyer for the plaintiff, Abu Issa, submitted that EOCO and other law enforcement agencies investigated Menzgold and discovered that it had engaged in money laundering and other serious offences.
The motion, he said, was premised on Sections 2 and 3 of the EOCO Act, 2010 (Act 804) which gave the law enforcement agency the power to undertake such action.
Latest Stories
-
Attendance at trial is a constitutional duty, not an option
3 minutes -
RTI response raises questions over Bryan Acheampong’s military service claims
11 minutes -
Two women granted bail over assault of 12-year-old; another remanded
13 minutes -
Ghana’s IMF programme extension to August 2026 was to allow more time for final review work – IMF
43 minutes -
No records of Bryan Acheampong’s enlistment and release from the US Army – Parliament says in RTI response
47 minutes -
Daasebre Osei Bonsu III swears oath of allegiance to Asantehene and pledges unity and development for Asante Mampong
1 hour -
We had fruitful deliberations with private transport operators – Transport Minister
1 hour -
45-year-old farmer jailed 15 years for sexually abusing 14-year-old niece
1 hour -
Lawrence Ofori joins Casa Pia after mutually parting ways with Moreirense
1 hour -
Brazil have talent for World Cup, but victory not guaranteed – ESPN’s Bertozzi
2 hours -
NPP race: Don’t waste your vote, Bawumia is winning – Annoh-Dompreh to NPP delegates
2 hours -
NDC still brought Mahama even when he lost by over one million votes – Annoh-Dompreh to NPP
2 hours -
Ofori-Atta becoming a ‘brave coward’ – Franklin Cudjoe backs Arise Ghana protest
2 hours -
Trump links Greenland threat to Nobel Peace Prize snub, EU prepares to retaliate
2 hours -
More than 160 churchgoers kidnapped in twin Nigeria attacks – Clergy
2 hours
