Wednesday, 23 October

NAM1 in court today

Business
Nana Appiah Mensah (NAM1), the embattled Chief Executive Officer of troubled gold-trading firm Menzgold Ghana Limited, is to be arraigned today, Friday, 12 July 2019 after spending the night in the custody of the Criminal Investigations Department (CID) of the Ghana Police Service following his arrival on Thursday.

NAM1 arrived in Accra via an Emirates Airlines flight but was immediately arrested by the CID.

He was interrogated in connection with fraud allegations levelled against him.

The young Ghanaian businessman had been in the custody of Dubai authorities since December last year. He was arrested during his sojourn to the Emirates to collect some hefty amount owed his company by a businessman there.

NAM1, who is being sought after by both his thousands of aggrieved clients whose investments have been locked up with the company since August last year; as well as the government of Ghana, won two court cases against his rival businessman while in Dubai.

An Interpol red alert has been on NAM1’s head for several months since his detention in Dubai.

The Supreme Court of Dubai recently upheld a victory of the businessman in a lower court which ordered his Emirati businessman rival to pay the Ghanaian some $39 million and compensation.


Source: Ghana/ClassFMonline.com/91.3FM

Source: Patrick Ayumu