Audio By Carbonatix
Customers of defunct gold dealership, Menzgold, will from April 2 begin a series of demonstrations to demand their locked up principal investments.
The Coalition of Aggrieved Customers of Menzgold Ghana Limited said in a press statement issued on March 27 that its members – about 6,000 people – will embark on continuous picketing at the Premises of the Economic and Organised Crime Office (EOCO), the Securities and Exchange Commission (SEC), the Attorney Generals' Department and the Jubilee House to press home their demands.
"The action has become necessary due to state actors lackadaisical attitude to the plight of the suffering customers," the statement said.
The Coalition claims in the release that so far, 15 of its members had died due to shock and heart failure, resulting from the lock-up of their funds.
The PRO of the CACM, Baffour Amankwaa told the Graphic Online that they were troubled by the failure of the AG to liquidate the assets of the Menzgold.
He claimed that officials of the EOCO informed its leadership that it had concluded investigations and forwarded its finding to the AG.
"We engaged with EOCO recently and they told us that they had concluded investigations into the matter and forwarded their findings to the AG to begin liquidating the company. I don't know why the AG is delaying," Mr Amankwaa said.
Related: Menzgold saga: Zylofone FM, TV suspend services over EOCO asset freeze notice
Chief Executive of Menzgold, Nana Appiah Mensah, is in Dubai where he is facing a misdemeanour charge over a $23 million deal, gone bad.
He is currently being held on remand at the Al Barsha police cell.
The criminal charge of misdemeanour in Dubai is equivalent to a Second Degree Felony in Ghana and if found guilty he could spend up to two years in prison.
Back here in Ghana, the Economic and Organised Crime Organisation (EOCO), has frozen the properties of
Menzgold and its associated companies.
Latest Stories
-
Abuse of judicial authority erodes public trust in courts – Chief Justice warns new judges
15 minutes -
Any candidate who contests on the NPP’s ticket will lose abysmally in 2028 – Nana Yaa Jantuah
48 minutes -
Ground Up lawyer disputes Kwesi Arthur’s claims, reveals earnings from past works
50 minutes -
NPP Primaries: Polling station results could be cancelled over any misconduct – Joe Osei Owusu
1 hour -
Forget about 2028 election and rebuild party structures – Nana Yaa Jantuah advises NPP
1 hour -
Today’s Front pages: Friday, January 23, 2025
1 hour -
Kennedy Agyapong may poll fewer votes than in 2023 NPP primary – Osei Kyei-Mensah-Bonsu
1 hour -
Economic gains must be sustainable beyond 2028 – Osei Kyei-Mensah-Bonsu
2 hours -
Fetish priest nabbed with suspected counterfeit dollars, illegal firearm at Ablekuma
2 hours -
Akufo-Addo urges NPP aspirants to treat peace pact as binding covenant
2 hours -
Egyapa Mercer predicts Bawumia to win NPP race with nearly 70% of votes
2 hours -
Mahama warns Africa’s reliance on external powers undermines true sovereignty
2 hours -
Late Ayawaso East MP’s wife declares bid for by-election seat
2 hours -
Bawumia presents NPP best chance of winning 2028 polls – Egyapa Mercer
2 hours -
Mahama urges Africa to invest in skills, unity and local production to stay globally competitive
3 hours
