Court orders sale of Menzgold’s Amakom properties

This was after an aggrieved customer, Henry Darko sued the gold firm for its inability to pay his principal investments and extra value.

In its ruling, the court instructed the company not to sell or gift out the property. The court further warned the general public not to purchase or receive the property as a gift.

READ ALSO: Menzgold customers arrested for demonstrating

The court has also posted a notice to this effect on the premises of the gold dealership company in Amakom.

Menzgold Ghana Limited has been in the news for the past months. The company is dealing with regulatory bodies over their legality or otherwise and also facing suits from their customers who have not received their principal money or extra value.

Recently a group of aggrieved customers demonstrated and called on the government to help them get their money. But the government has said that it will not repay the money they lost because the general public was cautioned not to deposit money with the company.

READ ALSO: I’m a musician and not a banker. So don’t attack me over Menzgold –Joyce Blessing clarifies About 100 retired and active Police Officers at the Kasoa Divisional Police Command in the Central Region have also sued Menzgold in a bid to retrieve their locked up investments.

According to the affected officers they went to court because all attempts to retrieve their monies from Menzgold have proven futile.

The Leader of the group, Samson Addai, said they blame the government for their loss because it failed to regulate the activities of the company.