The Economic and Organised Crime Office (EOCO) has frozen the accounts of the Chief Executive Officer of Menzgold Ghana Limited, Nana Appiah Mensah, popularly known as NAM 1.
The Executive Director of EOCO, K. K. Amoah, who confirmed this to Graphic Online’s Mabel Aku Baneseh said his outfit has frozen three accounts of the NAM 1, adding that “we are still looking for more accounts to freeze.”
NAM 1 is currently in the custody of the Dubai Police after he was arrested on Monday, December 7, 2018.
His arrest follows an alleged misrepresentation to security authorities in Dubai by a Dubai based company that he could be connected to an alleged botched gold business with a Ghanaian company, one of whose officials was known to him, close associates briefed on the matter have averred.
Graphic Online’s sources close to the matter claim he had landed in the Persian Gulf business hub in the late last year in the hope of retrieving some $39 million owed Menzgold by a Dubai-based company, Horizon Royal Diamonds DMCC, for the supply of gold..
Meanwhile, a special delegation of security operatives on Monday left Accra for Dubai to engage the Emirati authorities.
The Ghana Police Service triggered an Interpol alert on Wednesday, January 9, 2019, to facilitate a search for NAM1 globally after it confirmed reports that an arrest warrant had been issued for NAM 1 and two other directors of Menzgold Limited on charges of defrauding by false pretenses.
The two directors are Rose Tetteh, his wife, and Benedicta Appiah, his sister.
The arrest warrant followed reports by customers of the company to the effect that they had been defrauded.