NAM 1 Fights For Bail Today

Lawyers of Nana Appiah Mensah the embattled Chief Executive Officer of Menzgold Ghana Limited, are expected back in court this morning making an attempt at bail.

The court, presided over by Jane Helen Akweley Quaye, at its last sitting remanded the businessman aka NAM 1 after police prosecutors had urged the court to remand him into police custody to aid investigations until today July 26, 2019.

But THE NEW PUBLISHER’s sources say lawyers of NAM 1, making their second appearance in court this morning are expected to make frantic and desperate attempts at bail.

It is unclear whether NAM 1 would be officially charged this morning as no charges were read in the courtroom against him at his first appearance in court.

So far the grapevine has it that NAM1, has been charged with two counts of abetment to defraud by false pretence and two counts of abetment to carry out banking business without license, contrary to Section 6 (1) of the Banks and Specialized Deposit-taking Institutions Act, 2016 (Act 930).

NAM1 who returned to Accra on Thursday, July 11, 2019, after months of detention in Dubai in the United Arab Emirates is alleged to have defrauded some 16,000 customers of more than GH¢1.68 billion between January 2017 and September 2018.

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 a license, contrary to Section 6 (1) of Act 930.

Also facing in the dock 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 a license, contrary to Section 6 (1) of Act 930.

The two women are, however, at large.

The charge sheet explained that Appiah and Tetteh aided Brew Marketing Consult and Menzgold to defraud the customers of the GH¢1.68 billion.

On the charge of abetment to carrying out deposit-taking business without a licence, the three suspects are accused of aiding the two companies to illegally carry out a deposit-taking business.