The Chief Executive Officer (CEO) of Menzgold Ghana Limited, Nana Appiah Mensah, popularly known as NAM1, appears to be making strides in the charges he is facing in Dubai.
The Appeals Court in the Emirati country reportedly upheld the acquittal and discharge verdict of the embattled Menzgold boss, an indication that the numerous customers whose funds have been locked up at the gold collectable firm might be getting something back very soon.
A Dubai-based gold firm – Horizon Diamonds Royal – which is reported to be indebted to NAM1 to the tune of $39 million had filed the appeal against a high court ruling in Dubai.
NAM1 was arrested in Dubai in December 2018 in connection with an alleged fraudulent gold deal.
