“We Have Not Arrested Menzgold CEO, NAM 1” – Dubai Police

The Headquarters of the Dubai Police has denied knowledge of the alleged arrest of the CEO of embattled gold firm Menzgold, Nana Appiah Mensah.

Report says the Police in Dubai revealed that they had not arrested any Ghanaian national in the last few weeks in relation to a gold scam as it’s been reported in Ghana by several media outlets.

“We have not arrested any Ghanaian national with that name [Nana Appiah Mensah] in our system,” A Dubai intelligence officer told Accra based radio.

The latest revelation by the Dubai Intelligence Unit comes after reports emerged in Ghana on Saturday that Nana Appiah Mensah, popularly known as NAM 1, has been arrested in Dubai.

NAM 1, who is on police wanted list for defrauding by false pretence, was allegedly arrested over misrepresentation to security authorities in Dubai.

Mr. Mensah reportedly landed in Dubai 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.

Background

The beleaguered CEO of Menzgold, Nana Appiah Mensah ,arrested in Dubai on Saturday.

His arrest, according to sources, does not have anything to do with the scandal in Ghana, in which his company, believed to be a ponzi scheme, is unable to pay back thousands of customers their investments.

The arrest, which was first reported by the statesman newspaper’s online portal, is believed to be the result of a complaint filed by an individual in that country, who claims to have been duped by Mr Appiah Mensah.

Source: starrfmonline.com

News Reporter

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