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
-
Mourinho completes unbeaten season with Benfica
19 minutes -
Ronaldo kept waiting for first trophy with Al-Nassr
34 minutes -
No trophy in turbulent season but Alonso arrival offers Chelsea hope
42 minutes -
You are nothing without footsoldiers – NDC’s James Agbey fires warning at Mahama appointees
56 minutes -
‘We share same ambition’ – Alonso named Chelsea’s third boss in year
1 hour -
Northern Region NPP Office Project: Afoko donates 400 bags of cement and Gh¢30,000
2 hours -
NDC begins ‘Party Month’, urges members to embrace patriotism
3 hours -
Requiem Mass held for late Professor Kofi Blay
3 hours -
Navy rescues seven suspected Ivorian stowaways from oil tanker off Tema coast
3 hours -
UHAS holds second session of 10th Congregation for 1,097 graduates
3 hours -
Vice President Opoku-Agyemang engages Ghanaian students at University of Oxford
4 hours -
President Mahama commends Chiefs, people of Dagbon for prevailing peace
4 hours -
UHAS appeals for more government support amid rapid growth, staff shortage
4 hours -
Residents protest location of 24-Hour Economy Market and UHAS Pharmacy Projects
4 hours -
Government will promote caregiver support services – Shamima Muslim
4 hours