NAM 1 files witness statements, set to continue testimony in Menzgold case July 17
Not guilty NAM1 and two of his companies — Menzgold Ghana Limited and Brew Marketing Consult Ghana Limited — have been charged with 39 counts of selling gold without a licence, operating a deposit-taking business without a licence, inducement to invest, defrauding by false pretence, fraudulent breach of trust, and money laundering.
Prosecution's facts According to the prosecution, between 2017 and 2018, NAM1 and Menzgold invited members of the public to purchase gold and gold collectables from Brew Marketing Consult Ghana Limited and to deposit the same with Menzgold.
The prosecution said in various forms of invitations, the accused persons, representing the two companies as deposit-taking businesses, invited members of the public to deposit purchased gold and gold collectables with Menzgold in return for profits ranging from seven to ten per cent.
This is a summary of the original articles listed below. Always read the source articles for the full context. GhanaSummary does not create or modify the news — we summarise and link to original publishers.
