Menzgold scandal: I am a victim but I will get my money when the dust settles - Kumi Guitar

Zylofon musician, Kumi Guitar, has revealed that he also invested money at Menzgold Ghana Limited.

He, however, expressed optimism that he will get back his money when the dust settles.

In two interviews, he disclosed that his signing fee upon joining Zylofon Media, was $100,000 and he invested part of the money at Menzgold.

According to 3news.com, he explained that he believed it was a good investment, so he decided to put part of his money there and make profits.

Kumi Guitar also mentioned that Zylofon Music has been very good for his career and he does not intend to leave the label despite the controversies.

Thousands of customers have their monies locked up in the embattled gold trading firm, following the Securities and Exchange Commission (SEC) directive to the company to shut down for trading without appropriate licenses.

The aftermath of the shutdown has been fraught with complaints, demonstrations and agitations leading to the issuance of a warrant for the arrest of Nana Appiah Mensah, and all the directors.