NAM1’s wife, sister face 4 counts of fraud

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NAM1's wife, sister face 4 counts of fraud

State prosecutors are aiming to put CEO of Menzgold, Nana Appiah Mensah aka NAM1, his wife and his sister behind bars for allegedly defrauding 16,000 people of about GH¢1.68bn.
The wife and the sister are facing four counts, including defrauding by false pretence alongside NAM1.

The Chief Executive Officer (CEO) of Menzgold Ghana Limited, Nana Appiah Mensah, aka NAM1, has been accused of allegedly defrauding 16,000 customers of more than GH¢1.68 billion between January 2017 and September 2018.

NAM1 charged with 4 counts of fraud and doing banking business without licence

He has been charged with two counts of abetment to defraud by false pretence and two counts of abetment to carry out banking business without a licence, contrary to Section 6 (1) of the Banks and Specialised Deposit-taking Institutions Act, 2016 (Act 930)

Two of his companies — Brew Marketing Consult and Menzgold Ghana Limited — represented by him, have each been charged with defrauding by false pretence, contrary to sections 20 (1) and 13 (1) of the Criminal Offences Act, 1960 (Act 29).

The two companies have also been charged with carrying out a deposit-taking business without a licence, contrary to Section 6 (1) of Act 930.

Also facing the law are his sister and his wife, Benedicta Appiah and Rose Tetteh, respectively, who have been slapped with two counts of abetment to defraud by false pretence and two counts of abetment to carry out banking business without a licence, contrary to Section 6 (1) of Act 930.

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