State prosecutors have alleged that the CEO of controversial gold dealership firm, Menzgold Nana Appiah Mensah defrauded about 16,000 people of ¢1.68 billion in the name of investing their money.
It is the case of the state that the embattled CEO, who returned to Accra Thursday 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 Consult.
A charge sheet sighted by stated that between January 2017 and September 2018, Brew Marketing Consult and Menzgold defrauded one Francis Agodzie and 16,000 others of more than ¢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.
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.
