Court grants EOCO’s application to freeze assets of Menzgold, Zylofon and related companies

By Justice Kofi Bimpeh

An Accra High Court has granted the application of the Economic and Organised Crime Office, EOCO, to freeze properties of Menzgold Ghana Limited as well as other associated companies.

In a press release signed by the Head of Public Affairs at EOCO, Jacqueline Avotri, the court order for the freezing of properties and assets of Menzgold Ghana Limited includes that of associated companies affiliated to the embattled Menzgold CEO.

The associated companies which are stated in the news release are 7 in number, they include; Menzgold Office Complex, Zylofon Art Complex, Brew Marketing Consult, Star Madrid Football Club, Zylofon Music and media company, Brew Energy Company Limited, G- Tech automobile service.

EOCO also listed two properties located at Trassaco Valley [Plot no. 315 and plot no. 337] as well as a plot of land near Oak Street at Trassaco Valley, an uncompleted residence and a 510 acre of land.

Read also: EOCO freezes Nam1’s accounts, tasks regional reps to identify more assets of Nam1, MenzGold

“By this news release, all employees of the affected companies, relatives and friends who are in possession of any of such properties are to surrender same by the authority of the high court to the Economic and Organized Crime Head Office and Regional Offices in their own interest. Failure to do so will constitute contempt of court which will attract the appropriate sanctions,” the statement read.

The press release also called on all employees of the affected companies, relatives and friends of the Menzgold CEO who have in their possession any of the named properties to surrender all such assets to EOCO in their own interest.

According to EOCO, failure to submit all of such properties will constitute a contempt of court and will attract the “appropriate sanctions”.

EOCO also entreated the general public to assist in the investigation process by providing adequate information to facilitate the retrieval of all vehicles and other properties belonging to any of the companies mentioned.

Statement below: