The Chief of Executive Officer of Menzgold, Nana Appiah Mensah has been accused of defrauding his customers of about GHc1.68 billion.
According to the charge sheet sighted by citinewsroom.com, the money was from 16,001 people who invested a total of GHc1,680,920,000 in the company.
NAM1 is on trial for two counts of abetment to defraud by false pretence and two counts of abetment to carry out banking business without a licence, contrary to Section 6 (1) of the Banks and Specialised Deposit-taking Institutions Act, 2016 (Act 930).
The charge sheet indicated that Mr. Appiah Mensah’s two companies — Brew Marketing Consult and Menzgold Ghana Limited; represented by him, have also been charged with defrauding by false pretence, 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 licence, contrary to Section 6 (1) of Act 930.
Mr. Appiah Mensah’s sister and his wife, Benedicta Appiah and Rose Tetteh, have also been charged with two counts of abetment to defraud by false pretence and two counts of abetment to carry out banking business without a licence, contrary to Section 6 (1) of Act 930.
One Francis Agodzie is the only person named in the charge sheet as being among the persons allegedly defrauded.
The charge sheet explained that the accused persons purportedly aided Brew Marketing Consult and Menzgold to defraud the customers.
Mr. Appiah Mensah arrived in Ghana on Thursday where he was picked up by security operatives at the Kotoka International Airport and whisked away to the Criminal Investigations Department (CID) of the Ghana Police Service for interrogation.
He spent that night in police custody after he was denied bail.
He had earlier spent the last six months in police custody in the United Arab Emirates (UAE) as he answered to charges in a separate criminal case.
An INTERPOL red alert notice was placed on him by the government keeping him in the UAE despite winning his case.
He had been declared wanted in Ghana over the allegations of fraud brought against him by some persons who invested in his gold dealership company, Menzgold.
He has since been remanded into Police custody by an Accra Circuit court for two weeks.