Court Adjourns NAM1’s Fraud Case To October 23 For This Reason

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An Accra High Court Circuit has adjourned the case of the embattled Chief Executive Officer(CEO) of failed gold dealership firm-Menzgold, Nana Appiah Mensah aka NAM1 to October 23.

NAM1 appeared in court on Tuesday only for the case to be adjourned as a result of amendments on the charge sheet to be made.

The adjournment is to aid prosecution to make amendments to the charge sheet before the case proceeds.

This deferment happens to be the third time NAM1’s case is being adjourned after the initial charges were increased from 7 to 13.

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Nana Appiah Mensah has been charged with two counts of abetment to defraud by false pretence and two counts of abetment to carry out banking business without licence, contrary to Section 6(1) of the Banks and Specialised Deposit-taking Institutions Act 2016(Act 930).

Also, two of his companies-Brew Marketing Consult and Menzgold Ghana Limited which are represented by him(Nana Appiah Mensah) have each been charged with defrauding by false pretence, contrary to section 20(1) and 13 (1) of the Criminal Offences Act,1960 (Act 29).

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The two companies represented by himself have also been charged with carrying out a deposit-taking business without licence, contrary to Section 6(1) of Act 930.

NAM1’s wife, Rose Tetteh and his sister Benedicta Appiah are also facing charges with two counts of abetment to defraud by false pretence and two counts of abetment to carry out banking business without licence, contrary to Section 6 (1) of Act 930.

However, NAM1’s wife and sister are nowhere to be found.

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According to prosecutors, NAM1 has defrauded about 16,000 people of GH¢ 1.68 billion in the guise of investing their monies in gold and getting profits off it.

Nana Appiah Mensah is currently on a GH¢ 1 billion bail bond with five sureties to be justified.

NAM1 returned to Accra from Dubai on Thursday 11th July 2019 after several months of detention in the United Arab Emirates.

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