The Chief Executive Officer of Menzgold, Nana Appiah Mensah is seeking a review of his bail conditions.
According to a writ sighted by citinewsroom.com, the court will be sitting on “an application for variation of bail terms” on August 6, 2019.
Mr. Appiah Mensah is still being held in police custody despite being granted bail by an Accra Circuit court last week because he has not been able to meet the GH¢1 billion bail and related conditions.
The court, as part of the bail conditions, said he was to present five sureties, three of whom must be justified.
His lawyers, during the court proceedings, pleaded that the bail conditions be stepped down since all of Mr. Appiah Mensah’s properties had been confiscated by the state.
But the court declined the plea.
Mr. Appiah Mensah has been slapped with 13 counts of defrauding by false pretences, money laundering, abetment and carrying on deposit-taking business without licence contrary to Section 6 (1) of the Banks and Specialised Deposit-taking Institutions Act, 2016 (Act 930).
According to Mr. Appiah Mensah’s charge sheet, he has been accused of defrauding 16,000 customers of about GHc1.68 billion.
The charge sheet indicated that Mr. Appiah Mensah’s two companies — Brew Marketing Consult and Menzgold Ghana Limited; represented by him, have also been charged with defrauding by false pretence, contrary to sections 20 (1) and 13 (1) of the Criminal Offences Act, 1960 (Act 29).
Mr. Appiah Mensah’s sister and his wife, Benedicta Appiah and Rose Tetteh, have also been charged with two counts of abetment to defraud by false pretence and two counts of abetment to carry out banking business without a licence, contrary to Section 6 (1) of Act 930.
Prior to his arrival, the Menzgold CEO had spent six months in police custody in the United Arab Emirates due to a criminal case brought against him by a private company in the middle eastern country.