NAM1 Faces 48 Fresh Charges

State Prosecutors appear to have tightened the noose around the neck of Chief Executive Officer of defunct Gold dealership firm, Menzgold Ghana Limited Nana Appiah Mensah as it presses forty-eight fresh charges against him.

Nana Appiah Mensah popularly known as NAM 1 was initially slapped with 13 charges last month including taking deposits without a license, money laundering and defrauding by false pretenses.

Fresh Trouble

Surprising in court yesterday, state prosecutors led by ASP Sylvester Asare are seeking the permission of the court to file 48 additional charges for the embattled businessman to answer.

He asked the Circuit court for an adjournment to enable the prosecution file the new charge sheet.

The new charge sheet has 13 complainants who alleged being defrauded to the tune of GH¢ 1.1m.

They include Volkan Basler GH¢ 350,000, Kofi Tweneboah GH ¢100,000, Godfred Oduro Yeboah GH ¢94,500, Evelyn Twerefuor GH ¢ 170,000, Emmanuel Oppong Cobby GH ¢ 200,000, Rachael Siam GH ¢ 28,000 and Frank Konadu Agyemang GH ¢ 26,000.

The charge sheet which has been amended for the third time also contains charges of money laundering, unlawful deposit-taking and sale of minerals without a license.

Hearing continues on October 23.

Previously, had been dragged before the court Mrs. Akweley Quaye over allegations of defrauding more than 16,000 people of GH¢1.6billion.

On July 26, 2019, the court granted NAM 1 bail in the sum of GH¢1billion with 5 sureties, three to be justified, a condition he was unable to meet, compelling his lawyer to head back to court for review.

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),

Missing 2

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 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.