News Politics NAM1 NABBED By admin Posted on January 15, 2019 4 min read 0 0 409 Share on Facebook Share on Twitter Share on Google+ Share on Reddit Share on Pinterest Share on Linkedin Share on Tumblr It has emerged that Ghana’s most wanted man, Nana Appiah Mensah, has been in the custody of Dubai police for at least one month. The fugitive was arrested on December 7, 2018, a police statement said. This is even before an Accra Circuit Court issued a warrant for his arrest January 9, 2019 and also alerted Interpol which has presence in 194 countries. Nana Appiah Mensah is wanted for defrauding by false pretence and alleged money laundering. This was after his company Menzgold failed to pay thousands of clients’ returns on their investments. A warrant for the arrest of embattled businessman Nana Appiah Mensah was issued in Accra last week after his investment company, Menzgold, failed to refund client’s monies. The Circuit Court, which issued the warrant for the arrest of the CEO of the gold dealership company, said NAM-1, should be arrested for defrauding by false pretence and for money laundering. There is also warrants for the arrest of Rose Tetteh believed to be the wife of Nana Appiah Mensah and Benedicta Appiah, said to be his sister. There are reports the man who once rubbed shoulders with top politicians, celebrities and owns a private jet has absconded with his family. Menzgold has a wide range of clients who found the promised of 7% to 10% interest on their gold collectibles deposited with the company attractive. The customers are said to include bankers, small-scale miners, top military and police officers, clergymen and women and Ghanaians living abroad. For frustrated clients of Menzgold who have their investments locked up in the company for months, this warrant is long overdue. Desperate and angry, they have been demonstrating for months urging government intervention in retrieving their monies. But clients have said they are unmoved by the police action. Some have vowed to retrieve their monies at all cost including sacrificing the life. Public sentiments had been unforgiving after clients of the company ignored several warnings from the Bank of Ghana and later the Securities and Exchange Commission (SEC) not to transact business with Menzgold maintaining the business is unregulated. But Menzgold customers enjoying fantastic rates demonstrated loyalty and verbally abused regulators and also branded media houses as pull-him-downs for relaying the warnings.