The CEO of Menzgold Ghana Limited, Nana Appiah Mensah, has had his accounts frozen by the Economic and Organized Crime Office (EOCO).

Accra-based Citi FM reports that the EOCO is also going after accounts and other related businesses belonging to the embattled businessman.

It is believed that EOCO will soon seek a court order to freeze all landed properties belonging to the Menzgold CEO.

The investigative body has also reportedly directed all of its regional directors to fish out all assets owned by NAM 1 in the various regions.

Also, EOCO is in partnership with the Driver and Vehicle Licensing Authority (DVLA) to identify and confiscate all vehicles belonging to the Menzgold CEO.

Menzgold CEO, Nana Appiah Mensah
Menzgold CEO, Nana Appiah Mensah

NAM 1 as come under fire after an Accra Circuit Court issued a warrant for his arrest last week.

The arrest warrant follows the failure of Menzgold to refund the investments of aggrieved customers who have their monies locked up with the gold dealership firm.

Meanwhile, the Menzgold CEO is currently under arrest in Dubai in connection with a separate gold trading deal gone bad within the Emirati jurisdiction, the Ghana Police Service has said.

On Monday, a Ghanaian delegation from the Ministry of Foreign Affairs and Regional Integration and Attorney General’s office left to United Arab Emirates (UAE), to engage authorities there on the next line of action.