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We feel for our customers – NAM 1 says after court rejects ‘no case application’


The Managing Director of the now defunct gold trading firm Menzgold, Nana Appiah Mensah, also known as NAM 1, has expressed empathy for the company’s clients who are in the legal battle between himself and the state.

According to him, he is unable to pay his clients due to the ongoing legal battle.

To talk to JoyNews’ Richard Kwadwo Nyarko after a court hearing on Thursday where his no-case application was rejected said until the court proceedings are over, his firm could not disperse the money to clients.

“We need to get this albatross of criminal liability off our backs and we can look at it from the civil side.”

“Then when we go to the civilian realm, it’s between us and those we’ve transacted with, then we can negotiate and find a middle ground and then make the necessary payments and then we leave.”

Dismissing the application without cause, the court presided over by Justice Ernest Owusu-Dapaah said the CEO of Brew Marketing Consul, the defunct gold trading firm, and Menzgold have a case to answer and should open their defence.

Regarding previous efforts to address financial liability, NAM 1 said that while efforts were being made to initiate payments, it had been complicated by the ongoing criminal proceedings.

“Before the criminal court, if you make payments, as you remember, we started making some payments to the Ghana Police Service. We didn’t make the payments to them but we needed them to help us, give us security to make the payments.”

“But that effort has been thwarted by this criminal proceeding or prosecution. When you face a criminal proceeding, if you pay, who do you make the payments to? Is it to mitigate the sentence that will be imposed on you if you are found guilty? Is it to stop the prosecution? What is it for? We can’t make payments before a criminal court, he said.

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