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
-
Change is the only constant – Sam Jonah urges graduates to embrace AI
2 hours -
Usyk beats Fury via split decision to become undisputed heavyweight champion
2 hours -
‘Heroism is not exclusive to men’ – Sir Sam Jonah calls for gender parity in leadership
3 hours -
Sam Jonah’s graduation address highlights role of youth in overcoming global issues
3 hours -
Ghana offers African Americans a path to healing and reconnection – Sam Jonah
3 hours -
Raymond Anokye Asante scores brace as Udinese U19s beat Napoli on penalties
4 hours -
GPL: Berekum Chelsea come from behind to beat Asante Kotoko
4 hours -
CAF African Schools Football Championship finals 2024 to be staged in Zanzibar
5 hours -
Ghana’s Emmanuel Dogbevi honoured with prestigious African Capacity Building Foundation Award
5 hours -
Chelsea win fifth straight title as Hayes signs off in style
5 hours -
AAFCON 2024: Black Challenge players leave for Egypt to defend title
5 hours -
MTN Ghana celebrates World Telecommunication Day with a renewed commitment to digital innovation
5 hours -
Leverkusen make Bundesliga history by ending season unbeaten
6 hours -
Pan African Media Lawyers Union launched to safeguard journalists’ rights at 3rd African Media Convention
6 hours -
Defe Defe: A ‘Testimony’ that Ghanaian gospel music can lead too – A Review
6 hours