18
General News Wed, 12 Sep 2018

We don't answer to you; we won't shut down – Menzgold to SEC

Read Article

Comment: SALE OF GOLD OR PONZI SCHEME?

Author:
AKOSUA DOMPO, KUMASI
Date:
2018-09-12 22:50:41
Comment to:
NDC too negative for Ghana

LAWYER KWAME AKUFFO, THE SEC LETTER AND THE BANK PF GHANA WARNING DO NOT SAY MENZGOLD SHOULD STOP BUYING OR SELLING (GALAMSEY) GOLD. THE COMPANY HAS DIVERTED FROM ITS MAIN ACTIVITY INTO TAKING PONZI DEPOSITS AND PAYING BACK INTERESTS IN COMPLETE DISREGARD OF BANKING/LENDING REGULATIONS. PHARMACIES CANNOT SELL WEE SIMPLY BECAUSE KWAW KESSE AND SHATA WALE WILL GO TO BUY. HEALTH AUTHORITIES' REGULATIONS APPLY. MENZGOLD CAN SET UP A BANK AND OFFER PACKAGES WITH HIGH RETURNS. IF BANK OF GHANA SAYS FINE, THEN FINE.

This article is closed for comments.

AKOSUA DOMPO, KUMASI on Sep 12, 2018 22:50
SALE OF GOLD OR PONZI SCHEME?