An Accra Circuit Court hearing the case involving Nana Appiah Mensah (NAM 1) the Chief Executive Officer of Menzgold Ghana Limited, has adjourned the matter to January 21, 2020.
When the case was called on Monday, December 23, Assistant Superintendent of Police, Mr Sylvester Asare, prosecuting, told the court that they have sent the docket to the A-G’s department for study and advice.
“We pray for an adjournment to January 21 by which time, we might have receive direction from the AG’s to enable us advise the court on their appropriate line of action,” he added.
The court presided over by Mrs Jane Harriet Akweley Quaye, adjourned the trial awaiting the advice from A-G’s Department.
Meanwhile, Nana Appiah, who pleaded not guilty to all 13 charges leveled against him by the state is still on his former bail of GH¢1billion with five sureties, and was to report to the police every Wednesday at 1000 hours.
He has been charged with abetment of crime, defrauding by false pretenses, carrying on a deposit-taking business without license, sale of minerals without license, unlawful deposit taking, and money laundering.
The Prosecution had told the court that Menzgold Ghana Limited and Brew Marketing Consult Limited were private limited liability Companies incorporated under the Companies Act, 1963 (Act 179).
He said the principal activities of Nana Appiah included gold and diamond mining, dealers in gold and other precious minerals, subsequently, in August, 2016, he obtained license from the state through the Minerals Commission to purchase and export gold from any person holding a small-scale mining license (small-scale miners).
ASP Asare said, however, per the terms and condition of the license, Nana Appiah was required to appoint a gold buying agent to purchase gold on its behalf from small-scale miners.
He said the accused’s appointment of a gold buying agent, led to the formation of Brew Marketing in December, 2016, adding that investigations disclosed that Brew Marketing though incorporated to purchase and sell gold among others, and was not licensed by the Minerals Commission to trade in gold.
He said Menzgold through Brew Marketing after incorporation went publicly and invited the citizenry to deposit money with it for a fixed period with interest under pretext of gold purchasing.
Source: ghananewsagency.org
