Menzgold CEO, NAM1 arrested in Dubai


Nana Appiah Mensah, the Chief Executive Officer of gold dealership organization, Menzgold, has been Arrested in Dubai.









He was grabbed in Dubai on Saturday by Interpol.

His capture, as per Citi News sources, isn’t in connection to the embarrassment in Ghana, in which his organization, accepted to be a ponzi conspire, can’t pay back a large number of clients their speculations.


















The capture, which was first revealed by the Statesman Newspaper’s online entry, is accepted to have happened after an objection recorded by a person in that nation, who professes to have been tricked in a gold arrangement by Mr. Appiah Mensah.

A nearby source to NAM1 has affirmed the capture, yet did not give further subtleties.

As indicated by the report, “the Dubai merchant, a national of the United Arab Emirates revealed that his organization, Horizon Royal Diamonds DMCC, had endeavored to settle a negotiations with Appiah Mensah including 750 kilos of gold with the estimation of about US$51 million.

In any case, NAM1 is said to be issuing a countersuit claiming that Horizon Royal Diamonds DMCC rather owes Menzgold $28 million.

Back in Ghana, Nana Appiah Mensah has been proclaimed needed over his organization’s failure to pay financial specialists their monies, together with two different executives of the organization. A capture warrant has been anchored to have them conveyed under the steady gaze of the law to answer a charge of cheating by misrepresentation.

The Criminal Investigations Department of the Ghana Police Service had additionally demonstrated that it has sent notification to every one of the 194-part conditions of INTERPOL to get him captured wherever he would be found.

He was as of late answered to be in South Africa and Nigeria.

As per the Statesman Newspaper, authorities of Ghana’s international safe haven in the UAE have likewise possessed the capacity to visit Appiah Mensah in detainment. The contact ended up conceivable once Interpol issued a caution.

Authorities of EOCO in Ghana are additionally said to have reached NAM1 who is as of now being held in police care.


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