Nam1

NAM1 Defrauded 16,000 People Of GH¢1.68bn Within 1 Year – State Prosecutors

A charge sheet sighted has the details that 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 billion.

Sharing is caring!

The Chief Executive Officer (CEO) of Limited, , aka , is said to have defrauded 16,000 people of GH¢1.68billion according to state prosecutors.

State prosecutors are alleging that the CEO of controversial gold dealership firm, , Nam1, defrauded about 16,000 people of GH¢1.68 billion on the name of investing their monies.

It is the case of the state that the embattled CEO, who returned to Accra on Thursday July 11, 2019 after months of detention in Dubai in the United Arab Emirates, contravened sections of the Banks and Specialised Deposits Taking Act, 930 and the Criminal Offences Act while operating Menzgold and its sister company, Brew Marketing.

WHAT OTHERS ARE READING…

Particulars of the offences

A charge sheet sighted has the details that 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 billion.

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 billion.

nam1_menzgold_nana_appiah_mensah
Nana Appiah Mensah

YOU MIGHT ALSO LIKE TO READ:

Dubai court upholds ruling in favour of NAM1, orders Royal Horison to pay $39m

For the latest news in Ghana, visit Confirm Radio news headlines page Ghana News Page

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

Sharing is caring!

Leave a Comment : ( Disclaimer ): expressed here are those of the writer and do not reflect those of confirmradio.com. Confirmradio.com accepts no responsibility legal or otherwise for the accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority )

This site uses Akismet to reduce spam. Learn how your comment data is processed.