Nana Appiah Mensah
The prosecution in the trial of the defunct Chief Executive Officer of Menzgold Ghana Limited, Nana Appiah Mensah, aka NAM1, has indicated that the case is still under investigations by the police.
ASP Sylvester Asare, appearing before an Accra circuit court yesterday, stated that “investigations are ongoing and a lot is being done regarding the case.”
He therefore prayed the court for an adjournment which was not opposed by the defence; and the court presided over by Evelyn Asamoah adjourned the case to January 20, 2021.
Main Trial
NAM1, together with his wife, Rose Tetteh, and his sister, Benedicta Appiah, both of whom are at large, are together facing a total of 13 counts of defrauding by false pretences, money laundering, abetment and carrying on deposit-taking business without licence.
The charges include six counts of defrauding by false pretences, abetment, money laundering and carrying on deposit-taking business without licence.
His companies – Menzgold Ghana Limited and Brew Marketing Consult Limited – have also been charged with seven counts of defrauding by false pretences and carrying on deposit-taking business without licence.
NAM1, on July 26, pleaded not guilty to all the charges.
The court presided over by Jane Harriet Akweley Quaye granted him bail to the tune of GH¢1 billion (about $185 million) with five sureties, three of which are to be justified.
Additionally, he was ordered by the court to report to the police every Wednesday.
Unable to satisfy the bail conditions, the defence team, led by Kwame Boafo Akuffo, later filed an application asking for variation of the terms.
However, the presiding judge, after listening to both sides, though maintained the sum of GH¢1 billion, removed the condition of three of the five sureties to be justified.
BY Gibril Abdul Razak