Fire and prosecute persons who looked on for Menzgold crisis to happen –Lawyer

File: Some aggrieved customers whose investments are locked up with the firm have been thronging the East Legon office.[/caption] A legal practitioner, Gordon Cudjoe Akpadie has called for the prosecution of persons at state agencies whose actions or inactions led to the Menzgold crisis which has caused thousands of people their fortune. He argued that the various supervising companies in the country had the power to have stopped the gold trading firm from its alleged illegal operations when it first started operating yet failed to act. Mr. Akpadie indicated the company did not operate in secrecy. He said he does not understand why the Police is seeking to arrest the owner of Menzgold Ghana Limited, Nana Appiah Mensah, indicating that if anything at all, it is the firm that is supposed to be held responsible. “They should hold the company responsible,” Mr. Akpadie said on Sunrise morning show on Monday, in the wake of a warrant issued for the arrest of the man popularly known as NAM1. “The] supervising agency and others including the security agencies, they must be fired and prosecuted because they have branched the whole Ghana into this kind of mess because of one man’s duty,” he argued. For him, NAM1 cannot be sued for locked up investments of customers of Menzgold. “I don’t really see the head and tail in the whole arrest NAM1 issue [sic] because this is a business entity  hence if you cannot find your deposit you cannot collect your deposit,” he said. Police on Friday declared NAM1 wanted as they secured a warrant for his arrest. The action by the Police followed a series of protests from aggrieved customers who have had their investments running into several thousands of dollars locked up in NAM1’s Menzgold firm. “We are looking for him [Nana Appiah Mensah] to be arrested and that we have even obtained a warrant of arrest,” Director of the Police CID, DCOP Maame Yaa Tiwaa Addo-Danquah, said in a statement Friday. The Police have since notify Interpol to arrest Nana Appiah Mensah who is believed to be hiding in either South African or Nigeria. On Monday, the Police said NAM1 has been arrested in Dubai in a different matter but said they were engaging with the Dubai authorities on the next steps to take.

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By Portia Gafah||Ghana]]>