Menzgold Customers have been assured that they will soon hear from the embattled Chief Executive Officer of the company (Gold dealership Menzgold )following his release from police custody.
Public Relations Officer (PRO) of the company, Nii Armah Armatefio said Tuesday that Nana Appiah Mensah needs a few days to relax and clear his mind after a tumultuous turn of events with law enforcement agencies shortly after his arrival in Ghana from Dubai.
NAM 1 was released after an Accra Circuit Court presided over by Judge Jane Harriet Akweley Quaye removed the three justifications on the five sureties it set when it granted the troubled CEO bail on the 26th of July 2019.
The court on the said date set the bail to 1 Billion Ghana Cedis with five (5) sureties, three of which must be justified.
Lawyers for NAM1 led by Kwame Akuffo tuesday moved an application for variation of the bail conditions set by the Court at its last sitting.
Police Prosecutors led by ASP Slyvester Asare did not oppose the Application. They, however, disagreed with the proposal by the defence team that the bail bond should be reduced to 20 million Ghana cedis.
Judge Jane Harriet Akweley Quaye’s Court in her ruling said the bail amount of 1 billion Cedis will remain same.
However, the three justifications for the five sureties were removed. Effectively, all that required was for five people to present themselves to sign for NAM1 to have his liberties restored.
NAM 1 is the principal accused person in the case of the Republic verses Menzgold Ghana Limited and four others.