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State withdraws old case against NAM1, slaps him with new charges

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In a significant development in the case against Nana Appiah Mensah (NAM1), the Chief Executive Officer of the defunct gold dealership company Menzgold, the state attorney has withdrawn all previous charges against him. Instead, new charges have been filed in the court today, November 17, 2023.

The Director of Prosecution, Yvonne Atakora, explained that an amendment had been made to some of the figures (amounts involved) in the case, necessitating the filing of new charges.

She further stated that this decision was made in the best interest of justice.

The case has been adjourned to December 4, 2023, to give NAM1’s lawyers ample time to review the new charges.

This adjournment was requested by NAM1’s legal team and agreed upon by the state attorney.

Meanwhile, the presiding judge has instructed the court administration to enhance security measures at the court entrance.

This directive follows a request from NAM1’s lawyers, who reported that their Public Relations Officer (PRO) was struck on the forehead after the previous court hearing.

The courtroom was packed to capacity with security personnel both inside and outside the premises.

Aggrieved customers of the company have been demanding for the release of their funds after Menzgold suspended operations in 2018. The company has since been accused of running a Ponzi scheme.

Nana Appiah Mensah is currently on trial for fraud.

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