NAM1 Trial On Hold

Nana Appiah Mensah, aka NAM1

The trial of the beleaguered Chief Executive
Officer (CEO) of Menzgold Ghana Limited, Nana Appiah Mensah, aka NAM1, has
taken another long adjournment as the prosecution says investigations are still
being conducted into the matter.

The prosecution was expected to substitute the
charge sheet before the court but ASP Sylvester Asare who is in charge of the
case indicated that certain ‘discoveries’ during investigation require that
they hold on for now.

He indicated to the court presided over by
Harriet Akweley Quaye that investigations were far advanced and they were
seeking a long adjournment preferably in first week of January next year.

The judge, however, said she could give a date
in January 2019 and asked the prosecution and the defence to rather decide on a
date in December.

The case was subsequently adjourned to December
23, 2019.

Trial

NAM1 together with his wife Rose Tetteh and his
sister Benedicta Appiah, both at large, are facing a total of 13 counts of defrauding
by false pretences, money laundering, abetment and carrying on deposit-taking
business without licence.

They are facing six counts of defrauding by
false pretences, abetment, money laundering and carrying on deposit-taking
business without licence.

His companies – Menzgold Ghana Limited and Brew
Marketing Consult Limited – have also been charged with seven counts of
defrauding by false pretences, and carrying on deposit-taking business without
licence.

NAM1 on July 26 pleaded not guilty to all the
charges and the court presided over by Jane Harriet Akweley Quaye granted him
bail to the tune of GH¢1 billion (about $185 million) with five sureties, three
of which are to be justified.

Additionally, he was ordered by the court to
report to the police every Wednesday.

Unable to satisfy the bail conditions, the
defence team led by Kwame Boafo Akuffo later filed an application asking for
variation of the terms.

The presiding judge after listening to both sides maintained the sum of GH¢1 billion but removed the condition of three of the five sureties to be justified.

BY Gibril Abdul Razak



Source link