Menzgold Ghana Company Limited says it is embarking on rigorous auditing of its clients as part of a roadmap of payment of its debt, accusing some of its clients of perpetuating fraud.
The move, according to the company is as a result of some discrepancies, fraud, incomplete and irregularities identified in the documents submitted by the customers to collect their claims.
In order to achieve that, an invitations would be extended to some individuals between October 3, 2021 to the December 6, 2021 for interactions in a bid to justify discrepancies or irregularities.
Below is the full statement issued by the company today October 7, 2021.
With respect to our Company; Menzgold Ghana Company Limited pending indebtedness subject matter, kindly note the following indicating the roadmap to our final resolution;
1. Gold collectibles trading claims supporting documents received within the 28th October, 2019 and 28th November, 2019 period for rigorous audit purposes is about eighty percent (80%) complete. We note that, a great number of about forty five percent (45%) of claimants/transactions supporting documents are either incomplete, fraudulent, inconsistent comparative to dates, figures and amounts received as returns on the gold collectibles trades with the agreed sum stipulated in the signed and sealed “Gold Sale and Purchase Agreements”, most unbelievably, trading
Agreement dates that reflects periods when our Company was not in operations and so on.
2. Additionally, we have discovered shocking evidence that points to the fact that, some claimants purporting to be indebted to by Menzgold transacted through third parties; some unethical Menzgold and Brew Marketing Consult staff members and in other instances via referrals, mostly close relations who took delivery of their funds under the pretext of signing them unto to the Menzgold “Gold Vault Market” but ended up engaging in the many cryptocurrency products on sale on the Ghanaian market, with a monthly return on investment (ROI) ranging between thirty and sixty percent (30%-60%).
3. We are commencing the final phase of the audit; this session would be traders/claimants interviews to fully ascertain facts and satisfy ourselves with regards to questionable adverse discrepancies and irregularities that characterize some transactions claims received for audit and its subsequent
payment. Hence, invitations would be extended to some individuals between the 3rd October, 2021 to the 6th December, 2021 for interactions in a bid to justify discrepancies or irregularities.
4. We shall then proceed to compile a list of all alleged conspirators/persons (Purported Clients, Menzgold and Brew Marketing staff members), in a petition to the Criminal Investigation Department arm of the Ghana Police Service for further investigations and possible prosecution.
5. Kindly note that strategic significant payments have already been made to some deserving Gold Vault Market traders/Clients in camera.
6. We strive to complete the final phase of our audit endeavors and shall proceed to fully publish the following in the print and digital new media;
• List of all paid traders/transactors paid so far.
• List of all final eligible traders/transactions as well as the total sum of indebtedness by Menzgold Ghana Co. Limited.
7. Menzgold shall proceed to pay the final publicized list and total sum from the 20th December, 2021 to 30th June, 2022 in our quest to give final closure to this very depressing matter and to restore our dear enviable Company’s integrity.
By Vincent Kubi