Nana Appiah Mensah and his wife, Benedicta Appiah

State prosecutors are aiming to put Chief Executive Officer (CEO) of Menzgold, Nana Appiah Mensah aka NAM1, his wife and his sister behind bars for allegedly defrauding 16,000 people of about GH¢1.68bn.

The wife and the sister
are facing four counts, including defrauding by false pretence alongside NAM1.

The CEO of Menzgold
Ghana Limited has been accused of allegedly defrauding 16,000 customers of more
than GH¢1.68 billion between January 2017 and September 2018.

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

Two of his companies —
Brew Marketing Consult and Menzgold Ghana Limited — represented by him, have
each been charged with defrauding by false pretence, contrary to sections 20
(1) and 13 (1) of the Criminal Offences Act, 1960 (Act 29).

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

Also facing the law are
his sister and his wife, Benedicta Appiah and Rose Tetteh, respectively, who
have been slapped with two counts of abetment to defraud by false pretence and
two counts of abetment to carry out banking business without a licence, contrary
to Section 6 (1) of Act 930.

The two women are,
however, at large.

Particulars of the
offences

A charge sheet sighted
by Graphic Online’s Mary Mensah on the crime beat stated that between January
2017 and September 2018, Brew Marketing Consult and Menzgold defrauded one
Francis Agodzie and 16,000 others of more than GH¢1.68 billon.

It further accused the
two entities of carrying out an illegal deposit-taking business during the same
period.

The charge sheet
explained that Mensah, Appiah and Tetteh aided Brew Marketing Consult and Menzgold
to defraud the customers of the GH¢1.68 billon.

With regard to the
charge of abetment to carrying out deposit-taking business without a licence,
the three suspects are accused of aiding the two companies to illegally carry
out a deposit-taking business.

Source: graphic.com