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A judge has threatened to free the beleaguered CEO of defunct Menzgold, Nana Appiah Mensah due to lack of cooperation on the part of the state.
Popularly known as NAM 1, the Menzgold boss is facing 61 charges.
Judge Evelyn Mensah, according to Accra-based Starr FM, has warned prosecution in the case that should nothing substantial come up at the next court hearing, the case would be struck out.
The docket on the case is still not ready and prosecutors are asking for more time. The judge is not happy with the frequent adjournments and is threatening to close the case.
The court however warned that it would be the last time such an excuse would be entertained and that if they fail to come with anything substantial at the next adjourned date, she will discharge the accused person.
The case has been adjourned April 7, 2020.
Background
Mensah has been charged with 61 counts including money laundering, unlawful deposit taking and sale of minerals.
The plea of the accused person has since not been taking and prosecution keeps coming to court with excuse of the dockets being worked on by the AG’s office.
Until the AG’s advise on the docket is received for the next line of action to be made known the prosecution, the trial cannot progress but the judge has warned prosecution if nothing but same excuse is giving to the court, she will struck the case out.
The Securities and Exchange Commission (SEC) in September 2018 asked Menzgold to cease its gold derivative business as that amounted to deposit-taking which it was not licensed to do and since that time NAM 1, has embattled the way to paying the numerous of Menzgold customers who are demanding their locked up cash.
Source: Daily Mail GH
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