State Prosecutors have told an Accra Circuit court that investigations into the Menzgold scandal is at an advanced stage but will need time to commence trial.

Menzgold CEO, Nana Appiah Mensah, popularly known as NAM1 and two of his relatives said to be at large are facing 61 charges including money laundering, unlawful deposit-taking and sale of minerals without a license. 

Nana Appiah Mensah is currently on bail.

He had been in detention in Dubai since December 7, 2018, when he was arrested in that country on charges of defrauding a business partner.

After months of legal tussle, he was released as prosecutors could not prove their case of fraud against him.

ASP Sylvestre Asare informed the court Wednesday that the state would want a long adjournment preferably to January by which time it will be ideal for the trial to commence.

The court presided over by Harriet Akweley, however, had concerns as to why investigations were not thoroughly conducted before the accused was charged.

ASP Asare said the state intended to once again amend the charge sheet but opted against it due to a fresh development. He assured the court investigations was at an advanced stage.

The court said it could not grant an adjournment to January as it fixed December 23, as the next court date.