The Criminal Investigations Department (CID) of the Ghana Police Service has revealed that they are unable to have the CEO of the defunct Menzgold Company Limited, Nana Appiah Mensah, also known as NAM1, extradited to Ghana even though he is on bail. The extradition cannot be done until the completion of his trial in the United Arab Emirates.
The embattled CEO of the gold dealership firm is being held for a misdemeanour charge over a US$23-million deal gone bad.
“On the 4th of March, NAM1 was granted bail and there were some conditions for his bail. On 25th of March, he was able to execute the bail and his lawyers obtained the letter for his release. Due to the red alert notice on him, he was rearrested on the instructions of Interpol. The Dubai police have gone ahead to obtain a local warrant of arrest based on the Interpol red notice. He is currently in the custody at a Dubai Police station and that case, even though he is on bail, hasn’t ended; they will continue to produce him before the court until that case is over before he is handed over to Ghana. We are in touch with the Dubai Police and everything is on course,” CID Director-General DCOP Maame Tiwaa Addo Danquah, said at a press conference on Tuesday, 2 April 2019.
Thousands of customers of the defunct company are demanding the arrest and prosecution of NAM1 for his failure to pay their locked-up investments.
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