{"id":669481,"date":"2019-08-01T12:02:12","date_gmt":"2019-08-01T12:02:12","guid":{"rendered":"
\n\t\t\n

Nana Appiah Mensah aka NAM1<\/strong><\/p>\n\n\n\n

The woes of the Chief Executive Officer of\nMenzgold Ghana Limited, Nana Appiah Mensah, aka NAM1, seem to be compounding as\nhe is said to be struggling to execute the GH\u00a21 billion bail "},"modified":"2019-08-01T12:02:12","modified_gmt":"2019-08-01T12:02:12","slug":"nam1-still-in-jail","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2019\/08\/01\/nam1-still-in-jail\/","title":{"rendered":"NAM1 Still In Jail –"},"content":{"rendered":"

<\/p>\n

\n

Nana Appiah Mensah aka NAM1<\/strong><\/p>\n

The woes of the Chief Executive Officer of
\nMenzgold Ghana Limited, Nana Appiah Mensah, aka NAM1, seem to be compounding as
\nhe is said to be struggling to execute the GH\u00a21 billion bail granted him last
\nweek.<\/p>\n

It has been one week since an Accra Circuit
\nCourt, where he was dragged to, on conspiracy to defraud and other charges,
\ngranted him bail but he is still in custody.<\/p>\n

The trial of NAM1 commenced at an Accra Circuit
\nCourt where he together with his wife Rose Tetteh and his sister Benedicta Appiah,
\nboth at large, are facing a total of 13 counts of defrauding by false pretences,
\nmoney laundering, abetment and carrying on deposit-taking
\nbusiness without licence.<\/p>\n

His companies \u2013 Menzgold Ghana Limited and Brew
\nMarketing Consult Limited \u2013 have also been charged with seven counts of
\ndefrauding by false pretences, and carrying on deposit-taking business without
\nlicence.<\/p>\n

NAM1 pleaded not guilty to all the charges and
\nthe court, presided over by Jane Harriet Akweley Quaye, granted him bail to the
\ntune of GH\u00a21 billion (about $185 million) with five sureties, three of which
\nare to be justified.<\/p>\n

Additionally, he was ordered by the court to
\nreport to the police every Wednesday.<\/p>\n

Checks by DAILY GUIDE<\/em><\/strong> indicate that NAM1 is
\nstill in the custody of the police while his legal team and staff are fervently
\nworking to get him out.<\/p>\n

Meanwhile, a statement issued by his company
\nindicated that as of last Friday when the bail was granted to him, his team has
\nbeen able to get all five sureties and the three to be justified have also
\nsubmitted various documents to prove ownership. <\/p>\n

It said documents covering the properties were
\nsubmitted to the Lands Commission, and the commission is conducting a search to
\nensure the properties being used belong to the sureties and have the value of
\nthe bail terms.<\/p>\n

\u201cAs we speak, all three landed properties have
\nbeen submitted by the team. The search, validation and valuation are in
\nprocess,\u201d the statement noted.<\/p>\n

It said once the validation is done, his legal team would go to the registrar of the court to execute the bail.<\/p>\n

BY Gibril Abdul Razak<\/strong><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Nana Appiah Mensah aka NAM1 The woes of the Chief Executive Officer of Menzgold Ghana Limited, Nana Appiah Mensah, aka NAM1, seem to be compounding as he is said to be struggling to execute the GH\u00a21 billion bail granted him last week. It has been one week since an Accra Circuit Court, where he was […]<\/p>\n","protected":false},"author":1,"featured_media":669482,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-669481","post","type-post","status-publish","format-standard","has-post-thumbnail","category-politics"],"yoast_head":"\nNAM1 Still In Jail - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2019\/08\/01\/nam1-still-in-jail\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"NAM1 Still In Jail - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Nana Appiah Mensah aka NAM1 The woes of the Chief Executive Officer of Menzgold Ghana Limited, Nana Appiah Mensah, aka NAM1, seem to be compounding as he is said to be struggling to execute the GH\u00a21 billion bail granted him last week. 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