The Chief Executive Officer of Menzgold, Nana Appiah Mensah, popularly known as NAM1, will break his silence today address the press after he was released from police custody on Tuesday, August 6, 2019.
The press conference is expected to address matters on the way forward in dealing with clients of the beleaguered gold dealing firm as well as operation of the company.
NAM1 has been accused of using Menzgold as a tool to defraud more than 16,000 people of GH¢1,680,920,000.
He was released from police custody 10 days after he was able to meet his GH¢1 billion bail sum.
Following his release, the Public Relations Officer of Menzgold, Nii Armaah Amarteifio, told the press that his boss would be given some time to rest after which he would meet with his management to see the way forward.
He said the meeting would outline the way forward for Menzgold and also deliberate on how customers of the company can be paid their investments.
Prosecutors have accused Nana Appiah, his wife, Ms Rose Tetteh; and his sister, Ms Benedicta Mensah, of using Menzgold as a tool to defraud more than 16,000 people of GH¢1,680,920,000.
The three accused persons – described as the principal officers of Menzgold – along with Menzgold and its sister company, Brew Marketing Consult Limited, both represented by Nana Appiah, have been slapped with 13 counts.
The counts are defrauding by false pretences, abetment to defraud by false pretences, carrying deposit business without licence, abetment of sale of minerals without licence, sale of minerals without licence, abetment to the unlawful deposit-taking, unlawful deposit-taking and money laundering.
Nana Appiah has pleaded not guilty to all the charges. His wife and his sister are, however, at large.