Nam1 released from police custody-as court lessons bail- but will rest a while before engaging customers says PRO.
The embattled Chief Executive Officer (CEO) of Menzgold, Nana Appiah Mensah, aka NAM1, has been released from police custody after meeting his new bail conditions.
Sources close to the case told the Confirm Radio that Nana Appiah was released around 4 p.m. yesterday Tuesday, August 6 following the signing of his bail bond by five individuals at the registry of the Accra Circuit Court.
Earlier on Tuesday, the court varied the bail conditions to allow for five sureties to guarantee his bail without showing evidence of having properties worth the GH¢1 billion bail sum.
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The court presided over by Mrs Jane Harriet Akweley Quaye, varied the bail conditions following an application by Mr Kwame Boafo Akuffo, counsel for Nana Appiah.
It, however, refused a request by the counsel for a reduction of the bail sum from GH¢1 billion to GH¢20 million.
Meanwhile management of troubled gold dealership company, Menzgold says it’s Chief Executive Officer, Nana Appiah Mensah, popularly known as NAM1, will be given some time off to rest before engaging customers on the way forward.
The company’s Public Relations Officer, Nii Armaah Amarteifio says a news conference would be held soon to address clients after NAM 1 has taken a good rest and refreshed.
“Off course it’s fair to give him some time to rest for a while and then after that management will have a meeting with him then we’ll also have a plan to see how best we can arrange for a news conference or for him to address customers and then to let them know the way forward as a company,” he told host Kweku Owusu Adjei on Anopa Kasapa on Kasapa 102.5 Fm Wednesday.
NAM 1 is the principal accused person in the case of the Republic versus Menzgold Ghana Limited and four others.
He was charged with abetment of crime, defrauding by false pretences, carrying on a deposit-taking business without a licence, sale of minerals without a licence, unlawful deposit-taking, and money laundering
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