Nana Appiah Mensah, the former CEO of Menzgold Ghana Limited, entered a not guilty plea to 39 counts against him for allegedly defrauding certain Ghanaians of GHC 1.68 billion.
The director of Menzgold Ghana Limited and Brew Marketing Consult, Nana Appiah Mensah, came before the court on Tuesday. The three defendants—Nana Appiah Mensah, Menzgold Ghana Limited, and Brew Marketing Consult—are each facing 39 counts of criminal charges.
The allegations include seven counts each for money laundering and fraudulent breach of trust, along with 22 counts of deceiving under false pretense. One count each for solicitation to invest, running a deposit-taking institution without a license, and selling gold without a license are among the additional charges.
According to the case’s findings, Nana Appiah Mensah persuaded Menzgold consumers to pay GHc 1.68 billion through Menzgold Ghana Limited and Brew Marketing.
According to the charge sheet, some of these funds were deposited into the personal accounts of NAM1, Zylophone Media, and a woman named Abigail Mensah.
He is also accused of using his media company, Zylophone Media, to conceal the source of money that he knew was from criminal activity.
