The Economic and Organised Crime Office (EOCO) has frozen the bank accounts on CEO of gold dealership firm, Menzgold Nana Appiah Mensah, Joy News has learnt.
The Office according to sources is also working towards being granted a court order which will allow it to seize all other assets of the CEO who is popularly known as NAM1.
Government on Monday dispatched a high powered delegation to the United Arab Emirates capital, Dubai to see to the extradition of NAM1 who according to the police was arrested after a gold deal gone wrong.
Police say the fugitive was arrested on December 7, more than a month after the Circuit Court issued a warrant for his arrest.
NAM1 is wanted for defrauding by false pretence and allegations of money laundering for failing to pay clients’ investments.
Many believe he has absconded with the monies, leaving customers agitated and uncertain what will happen to the millions of cedis locked up with the company.
EOCO has succeeded in freezing his accounts.
This may come as good news but Joy News is also learning from the lawyer for the aggrieved customers, Amanda Clinton that most of the accounts have already been depleted.
But there is also another emerging narrative that may make the State’s case against NAM1 difficult.
The company’s Communications Director Nii Armah Amateifio told Joy News last week his boss has not absconded but has only left the shores of the country in search of money to pay the customers.