The Economic and Organised Crime Office (EOCO), has secured a court order to freeze properties of Menzgold Ghana Limited as well as other associated companies.
In a press release signed by the Head of Public Affairs at EOCO, Jacqueline Avotri, the court order for the freezing of properties and assets of Menzgold Ghana Limited includes that of associated companies affiliated to the embattled Menzgold CEO, Nana Appiah Mensah.
The associated companies which are stated in the news release are 7 in number, and they include; Menzgold Office Complex, Zylofon Art Complex, Brew Marketing Consult, Star Madrid Football Club, Zylofon Music and media company, Brew Energy Company Limited, G- Tech automobile service.
EOCO also listed two properties located at Trassaco Valley [Plot no. 315 and plot no. 337], as well as a plot of land near Oak Street at Trassaco Valley, and an uncompleted residence and a 510 acre of land.
The press release also called on all employees of the affected companies, relatives and friends of the Menzgold CEO who have in their possession any of the named properties to surrender all such assets to EOCO in their own interest.
According to EOCO, failure to submit all of such properties will constitute a contempt of court and will attract the “appropriate sanctions”.
“By this news release, all employees of the affected companies, relatives and friends who are in possession of any of such properties are to surrender same by the authority of the high court to the Economic and Organized Crime Head Office and Regional Offices in their own interest. Failure to do so will constitute contempt of court which will attract the appropriate sanctions,” the statement read.
EOCO also entreated the general public to assist in the investigation process by providing adequate information to facilitate the retrieval of all vehicles and other properties belonging to any of the companies mentioned.
NAM1 not coming to Ghana until Dubai trial ends – Police
The Ghana Police Service and the Economic and Organised Crime Office, prior to this revealed that the CEO of the troubled gold trading firm, Menzgold, Nana Appiah Mensah, is currently facing misdemeanour charges in Dubai, after which he will be brought to Ghana if he’s cleared of all the charges levelled against him.
According to the joint statement signed by the Ghana Police service and EOCO, Nam 1’s next court hearing is on February 2, 2019.
In the statement, signed by the Director General of Public Affairs at the Ghana Police service, ACP David Eklu, NAM 1 has been engaged by the Ghanaian delegation made up of security and legal offices sent to Dubai to follow up on his arrest warrant after news broke that he had been arrested in Dubai.
According to the statement, the disgraced Menzgold CEO has been engaged by EOCO and the Ghana Police Service representatives in Dubai and has provided an extensive statement to the security agencies which will be used for investigations into claims of fraud leveled against him by Ghanaians who invested with Menzgold.
Background
Hundreds of Ghanaians are unable to retrieve their investments in Menzgold, and some have gone to court to seek redress.
This was after Menzgold was asked by the Securities and Exchange Commission, SEC, to stop it’s business because it was illegal. The company has since then struggled to pay clients, giving credence to suggestions that he was running a ponzi scheme.
There’s an existing arrest warrant for NAM1, after it emerged that he had breached his bail conditions and fled the country. Although he’s said to have been arrested in Dubai in the first week of December 2018, news of his arrest became known in early part of January 2019, after the warrant had been issued for him.
His arrest in Dubai is believed to be in connection with a gold deal worth millions of dollars that has gone bad.
