NAM1’s case adjourned to 26th July, 2019 – Not given bail

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Embattled Menzgold CEO, Nana Appiah Mensah aka NAM1 has had his case adjourned to 26th July, 2019 without being granted bail.

Read Also: Ghana Police CID confirms arrest of NAM1 in Ghana

Nana Appiah Mensah is currently being charged with two counts of abetment to defraud by false pretense and two counts of abetment to carry out banking business without licence, contrary to Section 6 (1) of the Banks and Specialised Deposit-taking Institutions Act, 2016 (Act 930).

NAM1's case adjourned to 26th July, 2019 - Not given bail

Nana Appiah Mensah returned from Dubai via the orders of Ghana’s interpol.

Read Also: ‘NAM1 is in safe hands & will hopefully get bail tomorrow’ – NAM1’s spokesperson, KOD reveals

According Ghana Police CID, they brought him down to assist them into dealings within his Menzgold business which was shut down some few months ago by SEC and BoG.

Particulars of the offences

A charge sheet intercepted by Graphic Online’s Mary Mensah stated that between January 2017 and September 2018, Brew Marketing Consult and Menzgold defrauded one Francis Agodzie and 16,000 others of more than GH¢1.68 billon.

It further accused the two entities of carrying out an illegal deposit-taking business during the same period.

The charge sheet explained that Mensah, Appiah and Tetteh aided Brew Marketing Consult and Menzgold to defraud the customers of the GH¢1.68 billon.

With regard to the charge of abetment to carrying out deposit-taking business without licence, the three suspects are accused of aiding the two companies to illegally carry out a deposit-taking business.

See Sceenshot Below:

NAM1's case adjourned to 26th July, 2019 - Not given bail

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