Court orders Menzgold’s properties to be sold

The woes of troubled gold-trading firm, Menzgold Company Limited continues to deepen as a Circuit court in Kumasi in the Ashanti Region has ordered that properties of the troubled firm be auctioned.

The court ruled that properties of the firm in Amakom, all personal properties in the office of Menzgold ltd in Amakom, all personal properties in Menzgold office at Patase, all in the Kumasi be sold at a public auction.

Recently staff of Menzgold accused the management members of living extravagant and profligate lifestyles notwithstanding the company’s woes and difficulty to clear investments of customers locked up with the firm.

“Our loyalty to both company and clients led to four months with no pay so as to bring an end to this crisis while they (management) live lavishly without remorse” the staff noted in a statement.

The staff were recently asked by the CEO, Nana Appiah Mensah (NAM1) to proceed on leave until 20 December 2018, while the recently migrated online platform has also been halted.

The staff also in their statement disclosed that management members are secretly selling off assets of the company and keeping the proceeds for themselves, with the intention of relocating outside the country to enjoy their booty.

“We also wish to inform clients that management has started selling off assets for personal gain and to also settle their close friends. We confirm the travel plans of management members outside the country. Some tried and have been deported”, the staff said.

Management members, according to staff have fraudulently acquired properties such as luxury houses, schools, flashy and luxury cars and many more to dwindle the finances of the company urging EOCO to investigates them.

“It is unfortunate to say that aside from certain external forces which caused this crisis, internal misappropriation is a key factor”, they claimed.

 

Source: kasapafmonline.com

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. In addition to his media ventures, Solomon serves as a Brand Ambassador for Alabuga, a prominent Russian industrial company, representing their interests and expansion across Africa. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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