Menzgold will today announce a payment plan and schedule fo payment for its numerous customers whose investments are held up with the company.
It comes after the company invited the customers to visit their respective outlets to validate their documents in November. The CEO of the company Nana Appiah Mensah, ahead of today’s planned announcement, asked customer groups to forward their views and opinions about the intended payment schedule to their offices
Background
About GH¢200 million of depositors cash is believed to be held up at the collapsed gold dealership firm Menzgold. Menzgold folded up last year after the Securities and Exchange Commission (SEC) ordered it to suspend its operation with the public. Several efforts by the customers targeted at the company to get their monies have failed to yield any positive results.
According to the Commission, Menzgold did not have the license to trade in gold collectibles and that doing so was in contravention of the Securities Industry Act, 2016 (Act 929). The collapse of the gold trading firm had been blamed on the directive.
Addressing a press conference on Wednesday, the PRO of the Coalition of aggrieved Menzgold Customers, Fred Forson stated that they will do everything possible to retrieve their locked up cash from Menzgold. “We want to hear from NAM1, we have supported him all this while and it is time we hear from him…we want to demand from the CID that we want to meet Nana Appiah Mensah in person. Wherever he is, he needs to address us as leaders of Menzgold customers.
“If it is not a deliberate attempt on the part of the government to shield and protect Nana Appiah Mensah to loot and create and share our investments, then this is the time that the government should be transparent…and let us know what is happening with our investments.”
Source: starr fm
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Some groups and individuals went to court and got judgment in their favour, after informing EOCO of the judgment, they were asked to hold on, till date nothing have been heard. Meanwhile it was Ken Ofori Atta who said that if one needs their money from menzgold, they should go to court. What at all do this deceitful government intend to achieve. Okay, since you people are power drunk, you will wake up from your slumber without anyone pouring water on you. Just wait and see.
If you have not forgotten, when this case started there were stories of how Gaby Ochere Darko took NAM1 to the seat of government to have a discuss on how they have planned closing down menzgold and that NAM1 should not worry for he will not be compared to pay anything to the customers. Now you should know why his assets have been freeze till now. If all that we heard were not true, then his assets should be unfrozen to enable payments to be made.
hmm
PYRAM IN THE MAKING...STOP THE DECEIT AND LETS SEE ACTION