On Wednesday, January 19, 2022, the High Court’s Financial and Economic Division will issue orders concerning the properties of Nana Appiah Mensah, a.k.a. NAM1, the Chief Executive Officer of Menzgold Ghana Limited, a gold dealership corporation.
Mr. Abu Issah, Lawyer for Executive Director of EOCO, who moved the application for the auctioning of some properties, said, “We have a motion on notice for the discharge of confirmation and a further prayer for an official auction for the properties of respondents (Menzgold) and NAM1.”
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The application was filed on November 19, 2021.
The Counsel said, EOCO and other corroborative agencies found out that the respondents had engaged in money laundering and other serious offences contrary to relevant Economic and Organised Crime legislations.
The Court presided over by Justice Afia Serwah Asare-Botwe said the orders of the Court would be made ready tomorrow, January 19, 2022.
In January 2019, EOCO froze some accounts of NAM1.
EOCO also froze some landed properties belonging to the CEO and his firms, and then directed all its regional directors to look out for such assets in the various regions where Menzgold and its related businesses operated.
SOURCE: GNA
