MENZGOLD'S NANA APPIAH MENSAH (NAM1) ARRESTED IN DUBAI


NANA APPIAH MENSAH IS UNDER ARREST


Nana Appiah Mensah, chief executive of Menzgold, the self-styled gold dealership at the centre of heated controversy since its collapse in September last year, has been arrested in Dubai.

Nana Appiah Mensah, chief executive of Menzgold, the self-styled gold dealership at the centre of heated controversy since its collapse in September last year, has been arrested in Dubai.

A warrant for his arrest was issued by a circuit court on 9 January after he failed to pay back monies owed to investors in his failed company.

The government of Ghana had exerted huge pressure on the law-enforcement agencies and financial regulators to bring the failed company boss to book

The Daily Statesman has confirmed through sources inside Interpol that the fugitive boss, popularly known as NAM1, was arrested following a complaint by a gold dealer who alleges that he has been duped by the Ghanaian.

The Economic and Organised Crimes Organisation (EOCO) had been investigating Appiah Mensah before he jumped bail conditions set by the Bureau of National Investigations. EOCO has confirmed that it has established contact with the detainee in Dubai.

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