The trial of Nana Appiah Mensah, also known as NAM1, the CEO of the defunct gold dealership firm Menzgold, commences today, Wednesday, December 20, 2023.
‘The prosecution is set to present the first of its 11 witnesses in the case.
The presiding judge, Justice Ernest Owusu-Dapaa, a Justice of the Court of Appeal sitting as an Additional High Court judge, has expressed the intention to deliver judgment by March 2024, providing this assurance after the successful completion of the Case Management Conference (CMC).
The prosecution is set to present the first of its 11 witnesses in the case.
The presiding judge, Justice Ernest Owusu-Dapaa, a Justice of the Court of Appeal sitting as an Additional High Court judge, has expressed the intention to deliver judgment by March 2024, providing this assurance after the successful completion of the Case Management Conference (CMC).
NAM1 entered a plea of not guilty to 39 counts on an amended Charge Sheet filed by the prosecution on November 16, with charges ranging from selling gold contrary to section, operating a deposit-taking business without a license, and inducement to invest.
The charges also include 22 counts of defrauding by false pretenses, seven counts of fraudulent breach of trust, and seven counts of money laundering.
While the latest Charge Sheet resembles the previous one, the total sums involved have reduced from GHc1.6 billion to GHc340 million.
Justice Owusu-Dapaa mentioned that the court is open to the option of Plea Bargaining if the parties wish to explore that avenue. The prosecution’s testimonies from all 11 witnesses are anticipated to last for a total of 35 hours.