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.

Afenyo Markins ece-auto-gen

“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.