Prime News Ghana

Interpol arrests NAM1 despite Dubai victory

By Michael Klugey
NAM1 in police custody despite Dubai victory
NAM1 in police custody despite Dubai victory

CEO of Menzgold, Nana Appiah Mensah popularly known as NAM1 has been arrested by Interpol after he was acquitted in Dubai. 

The Public Relations Officer of Menzgold, Nii Armah Amaterfio in an interview on Zylofon stated that the Menzgold boss has been arrested at the behest of the Ghanaian authorities.

“He was re-arrested in Dubai. This was after the Interpol in Ghana issued an alert that he was being investigated,” Mr Amarteifio said.

NAM 1 on Tuesday, April 9 won his court case in Dubai.

The court ordered Horizon Diamonds, the company which had issues with the embattled Menzgold CEO, to pay him all outstanding debts.

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NAM1 has been in the custody of the Dubai authorities since November 2018 over a gold deal that went bad and was charged with fraud.

Mr Mensah went to the United Arab Emirates to receive a huge amount of money to pay clients of Menzgold who have had their investments locked up with the company only to be arrested by the Dubai authorities.

 

Background

The Ghana Police Service confirmed in January 2019 that Menzgold CEO Nana Appiah Mensah aka NAM 1 has been arrested in Dubai as reported in the media.

They say he was arrested on December 7, 2018.

A police statement in January said Ghanaian officials have visited NAM1 in the custody of Dubai Police.

This means the Menzgold CEO was arrested before an Accra Circuit Court issued a warrant for his arrest.

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.

His arrest, however, is said to be in connection with a different case of fraud in Dubai and not in any way related with his case in Ghana.

 

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