The Attorney General and Minister of Justice, Godfred Yeboah Dame, has assured the victims of Menzgold Ghana Limited that justice will be served as the state begins criminal prosecution against the defunct firm and its owner, Nana Appiah Mensah (NAM1). This announcement comes after the fraud perpetrated by Menzgold nearly led to a social crisis in Ghana, with riots and demonstrations occurring in various parts of the country.
Attorney General Dame stated that after thorough investigations, criminal prosecution has commenced against the individuals responsible for the fraudulent acts, and he expressed confidence that justice will finally be delivered to the victims.
In his speech at the 40th Cambridge International Symposium on Economic held at the University of Cambridge, UK, Attorney General Dame discussed the importance of integrity in the economic sector. He emphasized the need for systems to deter economic crimes, conduct effective investigations, and ensure fair and efficient prosecution and punishment.
He also highlighted the Menzgold scandal, noting that the company’s operations thrived on the greed and ignorance of many hardworking Ghanaians, resulting in significant financial losses and, in some cases, loss of lives for investors. However, he reiterated his commitment to ensuring that justice is served to the victims.
Recently, the Attorney General filed new charges against NAM1 and his defunct firms, Menzgold and Brew Marketing Consult, which include 39 counts of charges related to defrauding by false pretense, among others, as specified under the Criminal Offenses Act, 1960 (Act 29).
