Menzgold boss, Nana Appiah Mensah has been denied bail by the Ghana Police Service.
The Police has said this will give them time to conclude their investigation to prosecute the embattled businessman.
Nana Appiah Mensah fondly called NAM 1 will be arraigned tomorrow, Friday, close sources have said
NAM 1 returned home from Dubai on Thursday and was shortly whisked away by security operatives and sent to the Criminal Investigations Department (CID) of the Ghana Police Service for interrogation.
He had been declared wanted in Ghana on the charges of “defrauding by false pretence and money laundering” by thousands of people who invested in his gold dealership firm, Menzgold Ghana Limited.
Attempts by his lawyers to secure bail for him proved abortive as the police insisted that they wants to conclude their investigation.