The Economic and Organised Crime Office, (EOCO), has frozen some bank accounts of Nana Appiah Mensah, the embattled CEO of MenzGold. That’s according to reports.
EOCO is also looking for related businesses owned by Nana Appiah Mensah, to be frozen. The report said.
EOCO in the coming days, will be applying for a court order, to freeze all landed properties belonging to the CEO and his firms, and has thus directed all of its regional directors to look out for such assets in the various regions where Menzgold and its related businesses operate.
NAM1 is wanted for defrauding by false pretence and allegations of money laundering for failing to pay clients’ investments.
Many believe he has absconded with the monies, leaving customers agitated and uncertain what will happen to the millions of cedis locked up with the company.
The Ghana Police Service in a staement on Monday confirmed reports that the embattled Menzgold boss was behind bars in Dubai.
The statement which was signed by the Director-General of the Public Affairs, ACP David Eklu said, NAM 1 was arrested December 7, 2018, and the Ghana Police Service, was informed about the arrest his by Emirati officials based in Dubai on Sunday, January 13.
His arrest according to the Police statement, is to facilitate investigation into claims that he had been involved in a scandalous gold trading deal in Dubai.
Meanwhile, Ghana Police Service said it is engaging authorities in Dubai on the next steps since there’s already a warrant for his arrest in Ghana.
Following NAM 1’s arrest in Dubai, a high powered delegation from Ghana departed on Monday to the United Arab Emirates (UAE), to engage authorities there on process of extradiction.
NAM 1’s case is of particular interest to Ghanaian authorities because an arrest warrant has been issued for his detention back home, over his company’s inability to pay hundreds of Ghanaians their investments, in what many suspect to be a ponzi scheme.
The diplomatic engagement has become necessary because there is no existence of an extradition treaty between Ghana and the UAE, that binds them to extradite the embattled gold dealer to Ghana upon request.
There is also no clarity about whether or not he traveled on a Ghanaian passport.
The Ghanaian delegation were made of personnel from the Ministry of Foreign Affairs and Regional Integration, as well as the Attorney General’s office.