{"id":682039,"date":"2019-08-15T13:53:15","date_gmt":"2019-08-15T13:53:15","guid":{"rendered":"<br><div>\n\t\t\n<p><strong>Nana ASppiah Mensah aka NAM1<\/strong><\/p>\n\n\n\n<p>Embattled\nNana Appiah Mensah, aka NAM 1, Chief Executive of Menzgold Ghana Limited, has\nsaid he will break his silence on issues that have led to\nhis incarceration on August 19.<\/p>\n\n"},"modified":"2019-08-15T13:53:15","modified_gmt":"2019-08-15T13:53:15","slug":"i-will-bounce-back-nam1","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2019\/08\/15\/i-will-bounce-back-nam1\/","title":{"rendered":"I Will Bounce Back -NAM1"},"content":{"rendered":"<p><\/p>\n<div>\n<p><strong>Nana ASppiah Mensah aka NAM1<\/strong><\/p>\n<p>Embattled<br \/>\nNana Appiah Mensah, aka NAM 1, Chief Executive of Menzgold Ghana Limited, has<br \/>\nsaid he will break his silence on issues that have led to<br \/>\nhis incarceration on August 19.<\/p>\n<p>He<br \/>\nposted on social media yesterday hinting that his companies would see a \u2018possible<br \/>\nrebound\u2019. <\/p>\n<p>\u201cI<br \/>\nwill address the press on the 19th August, 19, regarding the state of affairs<br \/>\nof our companies, with final practical resolutions to all pending teasing<br \/>\nmatters, geared towards a highly possible rebound soon. Stay tuned to Zylofon<br \/>\nFM &amp; TV for updates <em>(sic)<\/em>.\u201d He<br \/>\nposted on social media platform Twitter and signed off with hashtag<br \/>\n\u201c#GhanaShallProsper?\u201d<\/p>\n<p><strong>Dubai Troubles<\/strong><\/p>\n<p>NAM<br \/>\n1 was in jail in Dubai from December last year until July after he was detained<br \/>\nthere purportedly on a gold business trip.<\/p>\n<p>He<br \/>\nwas brought into the country by Dubai Interpol and handed over to its<br \/>\ncounterpart in Ghana in July 12.<\/p>\n<p>He<br \/>\nwas released in Dubai because the courts in the Emirati country were said to<br \/>\nhave declared that NAM 1 had not defrauded a company that made the claims and<br \/>\nwas even said to have been awarded some $39 million to be refunded by the<br \/>\ncomplainant.<\/p>\n<p>Upon<br \/>\nhis arrival, he was arraigned at a Circuit Court in Accra for allegedly defrauding<br \/>\nsome 16,000 people who invested a total of GH\u00a21,680,920,000 in Menzgold.<\/p>\n<p>The<br \/>\nsaid investments have been locked up and the customers have not relented in<br \/>\nputting pressure on the authorities to get their monies back even though some<br \/>\nof the regulators have said Menzgold was not registered to do that kind of<br \/>\nbusiness it was engaged in.<\/p>\n<p><strong>Full Charges<\/strong><\/p>\n<p>The<br \/>\nbusinessman, together with his wife Rose Tetteh and his sister Benedicta Appiah,<br \/>\nboth of whom are at large, were then slapped with a total of 13 counts of<br \/>\ndefrauding by false pretences, money laundering, abetment and carrying on<br \/>\ndeposit-taking business without licence.<\/p>\n<p>His<br \/>\ncompanies \u2013 Menzgold Ghana Limited and Brew Marketing Consult Limited \u2013 have<br \/>\nalso been charged with seven counts of defrauding by false pretences, and carrying<br \/>\non deposit-taking business without licence.<\/p>\n<p><strong>Plea &amp; Bail<\/strong><\/p>\n<p>NAM<br \/>\n1 pleaded not guilty to all the charges and the court presided over by Jane<br \/>\nHarriet Akweley Quaye granted him bail to the tune of GH\u00a2 1 billion (about $185<br \/>\nmillion) with five sureties, three of which were to be justified.<\/p>\n<p>Additionally,<br \/>\nhe was ordered by the court to report to the police every Wednesday and the<br \/>\ncourt again ordered that the bench warrant which was issued last year for the<br \/>\narrests of NAM1\u2019s wife and sister who are still at large, should hold.<\/p>\n<p><strong>Harsh Bail Conditions<\/strong><\/p>\n<p>He<br \/>\nwas, however, unable to meet the terms of the bail and was in police custody<br \/>\nuntil August 6 when his lawyers applied to the court to vary the terms of the<br \/>\nbail.<\/p>\n<p>The court maintained the sum of GH\u00a21 billion but removed the condition of three of the five sureties to be justified and he was subsequently able to go home from the custody of the police.<\/p>\n<p><strong>By Gibril Abdul Razak<\/strong><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Nana ASppiah Mensah aka NAM1 Embattled Nana Appiah Mensah, aka NAM 1, Chief Executive of Menzgold Ghana Limited, has said he will break his silence on issues that have led to his incarceration on August 19. He posted on social media yesterday hinting that his companies would see a \u2018possible rebound\u2019. \u201cI will address the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":676168,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-682039","post","type-post","status-publish","format-standard","has-post-thumbnail","category-politics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>I Will Bounce Back -NAM1 - 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\/15\/i-will-bounce-back-nam1\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"I Will Bounce Back -NAM1 - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Nana ASppiah Mensah aka NAM1 Embattled Nana Appiah Mensah, aka NAM 1, Chief Executive of Menzgold Ghana Limited, has said he will break his silence on issues that have led to his incarceration on August 19. 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