We are not afraid to open our defence – NAM 1

Embattled
Chief
Executive
Officer
of
defunct
gold
dealership
firm,
Menzgold,
Nana
Appiah
Mensah
has
said
his
lawyers
are
prepared
to

open
defence
against
the
fraud
charges
brought
against
him.

An
Accra
High
Court
on
Thursday,
July
11
ordered
NAM
1
to
open
his
defense
after
it
held
that
prosecution
has
established
grounds
of
misdemeanor
which
he
ought
to
provide
answers
for.

Nana
Appiah
Mensah,
also
known
as
NAM1
together
with
his
companies
–
Menzgold
Ghana
Limited
and
Brew
Marketing
Consult
Ghana
Limited
have
been
charged
with
39
counts
of
offences.

Speaking
to
journalists
after
the
court’s
ruling
on
Thursday,
NAM
1
maintained
his
innocence
in
the
charges
brought
against
him.

Submission
of
no
case:
High
Court
orders
NAM1
to
open
defence

He
said
his
legal
representatives
are
prepared
to
subject
themselves
to
the
law
and
will
open
their
defence
stressing
that
they
will
explore
all
legal
alternatives
to
seek
redress.

“I
read
in
the
section
of
the
media
that
said
that
we
are
afraid
to
open
defence.
No,
nobody
is
afraid
to
open
defence.
For
six
to
seven
years
we
have
been
here.
“We
have
subjected
ourselves
as
law
abiding
citizens
to
what
the
law
says
all
through
from
the
Circuit
court
to
the
High
court.

“The
law
permits
us
to
observe
our
right
of
redress
and
it
is
for
us
to
waive
that
right
or
exercise
it
but
I
will
speak
to
my
lawyers
to
come
to
that
conclusion
or
otherwise,”
he
stated.

He
continued:
“When
we
exhaust
all
the
legal
remedies
and
it
becomes
inevitable
and
we
need
to
open
the
defence
why
not?
We
will
gladly
and
enthusiastically
open
our
defence.”

Operation
of
deposit
taking
services
without
license:
High
Court
rules
that
NAM
1
has
a
case
to
answer

The
charges
against
NAM
1
include
selling
gold
without
a
license,
operating
a
deposit-taking
business,
inducement
to
invest,
defrauding
by
false
pretence,
fraudulent
breach
of
trust
and
money
laundering.

In
his
almost
5-hour
ruling
on
Thursday,
July
11,
Justice
Ernest
Owusu
Dapaah
dismissed
the
submission
of
no
case
application
filed
by
counsel
for
the
Menzgold
boss,
but
noted
that
prosecution
failed
to
provide
evidence
for
charges
6,7,
8
and
24.