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He pulled a gun at us when we went to his house to demand our money – Menzgold witness on NAM 1 to court

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In the trial of Nana Appiah Mensah, commonly known as NAM1, the fifth prosecution witness, Priscilla Adu-Boateng, testified that after investing GH¢760,000 in Menzgold, the accused assaulted her when she sought her returns.

Priscilla Adu-Boateng, a merchant and a single mother of four, said that on January 8, 2020, NAM1 flashed a pistol when she and other dissatisfied clients went to his home in Trassaco, Accra, to collect their money.

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“I am a single mother with four children, and these investments were made in furtherance of their education.

“My business is not thriving, and I am in the process of selling my house to make ends meet”, she said in her witness statement, which has been adopted by the court presided over by Justice Ernest Owusu-Dapaa, a Justice of the Court of Appeal sitting as an additional High Court judge,

Led by the Director of Public Prosecutions (DPP), Yvonne Atakora Obuobisa, the witness stated that she was drawn to invest in Menzgold because of the advertisement billboard. She also said that an executive from Menzgold lobbied her for approximately a year before she agreed to invest in the company.

After the witness testimony was approved, there was no cross-examination by Counsel for the Accused, Kwame B. Akufo.

NAM1, together with two of his firms, Menzgold Ghana Limited and Brew Marketing Consult Ghana Limited, are facing 39 accusations. These allegations include selling gold without a license, running a deposit-taking company without a license, inducing investors, deceiving by false pretense, fraudulent breach of trust, and money laundering.

Between 2016 and 2018, they allegedly defrauded their clients of GH¢340,835,650 in total.

NAM1 has pled not guilty to all counts and is now on bail for GH¢500 million, backed by four sureties.

 

 

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