It’s a sad Christmas for us – Menzgold Customers

Customers of embattled gold dealership firm Menzgold have described this year’s yuletide as “sad” after they have been unsuccessful in retrieving their locked up cash with the firm.

According to them, while their colleagues and friends go about shopping for their family and loved ones, they are caught watching due to their inability to access their lifetime funds to also join in the Christmas craze.

Speaking on Kasapa Fm, a customer who spoke on condition of anonymity said “It’s very worrying, that a country like Ghana, a country that its leadership, people who we have given the mandate to steer affairs could sit and watch this happen to us. We are celebrating this Christmas with sadness”.

He is optimistic their relentless pressure will soon yield results and that sooner or later their monies will be paid them.

“We are going to fight and we will fight until we get our money because what SEC and BoG told us was that they are coming in to protect the customers. Menzgold has been working for five years”.

Meanwhile, Circuit court in Kumasi in the Ashanti Region has ordered that properties of the troubled firm be auctioned.

The court ruled that properties of the firm in Amakom, all personal properties in the office of Menzgold ltd in Amakom, all personal properties in Menzgold office at Patase, all in the Kumasi be sold at a public auction.

Recently staff of Menzgold accused the management members of living extravagant and profligate lifestyles notwithstanding the company’s woes and difficulty to clear investments of customers locked up with the firm.

“Our loyalty to both company and clients led to four months with no pay so as to bring an end to this crisis while they (management) live lavishly without remorse” the staff noted in a statement.

The staff were recently asked by the CEO, Nana Appiah Mensah (NAM1) to proceed on leave until 20 December 2018, while the recently migrated online platform has also been halted.

The staff also in their statement disclosed that management members are secretly selling off assets of the company and keeping the proceeds for themselves, with the intention of relocating outside the country to enjoy their booty.

“We also wish to inform clients that management has started selling off assets for personal gain and to also settle their close friends. We confirm the travel plans of management members outside the country. Some tried and have been deported”, the staff said.

Management members, according to staff have fraudulently acquired properties such as luxury houses, schools, flashy and luxury cars and many more to dwindle the finances of the company urging EOCO to investigates them.

“It is unfortunate to say that aside from certain external forces which caused this crisis, internal misappropriation is a key factor”, they claimed.