Godfred Yeboah Dame, the Attorney General and Minister for Justice, has guaranteed the Menzgold scam victims that justice will be done.
According to Mr. Dame, the swindle has destroyed families and, in some cases, resulted in fatalities.
The A-G made this clear when he spoke as the keynote speaker at the “Fortieth Cambridge International Conference On Economic Crime.”
He claimed that even if their carelessness and greed were to blame, the government would make sure they received justice.
“As we frequently see in the case of numerous Ponzi schemes across the world, the company’s operations were fueled by the greed and stupidity of thousands of ordinarily hardworking Ghanaians.
Individuals gave the case’s suspects their whole life savings, resulting in losses up to millions of dollars and, in some cases, the loss of life.
In Accra and other regions of the country, riots and demonstrations broke out as a result of the agony and distress that many homes experienced. In actuality, the Menzgold story caused several people to lose their houses and some marriages to end.
“I am happy to state that after painstaking investigations, criminal prosecution has commenced against the perpetrators. At last, by the Grace of God, justice will be served to victims of those dastardly acts.”
On Wednesday, August 30, the A-G filed new charges against the Chief Executive Officer of defunct Menzgold Ghana Limited, Nana Appiah Mensah.
The court hearing has been scheduled for September 19, 2023.
Mr Appiah Mensah has been charged with 36 counts of offences including abetment, defrauding by false pretences, carrying on deposit-taking business without a license, unlawful deposit-taking, and money laundering among others. This is a reduction from the initial charges of 61.
The Attorney General commenced the prosecution of NAM 1 in 2019 where he was accused of defrauding thousands of customers through his gold dealership firm over millions of cedis.
The case has witnessed a number of adjournments until fresh charges were filed on Wednesday, August 30, 2023.
The amended charges come after Mr Appiah Mensah announced plans to release locked-up funds to Menzgold customers after payment of roughly GH¢650 for verification.
Subsequently, he reversed the decision to require former clients to purchase a verification Access Card in order to verify transactions and validate claims following strong backlash from his customers and the public.
“Menzgold would cease the production and printing of the PVC Digital Access Cards, which imposes a cost burden,” the defunct company said in a communique.
