Don't open criminal prosecution against NAM1 - Afenyo Markins cautions

He said such a prosecution will make customers of the gold trading firm lose all their investments.

He said it will not be in the interest of customers to pursue the matter as a criminal matter because they may lose their monies eventually.

“[With] criminal prosecution, let’s tread cautiously. Why? Even in advanced jurisdictions, the US, for instance, the FBI will prefer to cut a deal to save a situation than to rush to court and begin a criminal prosecution,” he said on TV3.

Afenyo Markin, who is also the Board Chairman of the Ghana Water Company Limited, bemoaned the politicization of the Menzgold saga.

“For customers or clients of Menzgold who are going the ‘aluta aluta’ approach, if you ask my view I will tell them it’s needless. For those who think they can politicize it, I tell them it is much ado about nothing,” he advised.

“The customer needs his money, true. If you prosecute the man, if you look at the Financial Task-force Regulation, there is a strong recommendation for a civil forfeiture procedure in matters as complicated as we find it now. Again, you wouldn’t get what you want", he added.