Fresh charges emerge in NAM1 case

Chief Executive Officer of Menzgold, Nana Appiah Mensah may be facing 61 charges instead of the 13 levelled against him.

Mr. Appiah Mensah is on trial for 13 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).

An Accra High Court Tuesday September 3 adjourned the case to the 23rd of October 2019 to allow for the amendment of the charge sheet.

Information from reliable sources however indicate that some 48 charges are likely to be added to the current 13 to make 61 charges against the Menzgold CEO.

This would be the 3rd time the case is being adjourned after the initial charges were increased from 7 to 13.

Background

Nana Appiah Mensah has been accused of defrauding his customers of about GH¢1.68 billion.

The CEO of Menzgold 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).

Two of his companies — Brew Marketing Consult and Menzgold Ghana Limited — represented by him, have each been charged with defrauding by false pretense, 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 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 licence, contrary to Section 6 (1) of Act 930.