Deputy Attorney General, Alfred Tuah Yeboah, says the AG’s office will be applying for a daily hearing in the case of Nana Appiah Mensah, also known as NAM1, the CEO of the defunct Menzgold Ghana Limited. NAM1 is facing 39 counts of fraud and money laundering charges, and his case has been dragging for several years.
Mr. Tuah Yeboah, speaking to the media in Accra on Tuesday, September 19, 2023, said the daily hearing will help expedite the case and bring closure to the victims of NAM 1’s alleged fraud. Meanwhile, Nana Appiah Mensah has been granted bail to the tune of 500 million cedis with four sureties, none to be justified. He has also been directed to deposit his passport at the court registry as part of the bail conditions.
This follows his plea of not guilty to 39 counts of fraud and money laundering charges, which he is standing trial for together with Menzgold Ghana Limited and Brew Marketing Consult.
His lawyer, Kwame Akuffo, prayed the court to maintain the condition of 5 million with no justification, which was the conditions of the bail he was given at the circuit court where the case was previously heard before a nolle prosequi was entered by the state.
The State, represented by Deputy Attorney General Alfred Tuah Yeboah, did not oppose the bail application but, however, asked for the accused to be made to deposit his passport. NAM 1 has been directed to report to the CID headquarters every Thursday.