The headquarters of the Dubai Police has debunked media reports that the CEO of embattled gold firm Menzgold, Nana Appiah Mensah has been arrested in Dubai.
Host of Adom FMs Morning Show “Dwaso Nsem” Captain Smart revealed this on the show.
According to him, a source at Dubai Police headquarters revealed that, they had not arrested any Ghanaian national in the last few weeks in relation to a gold scam as it’s been reported in Ghana by several media outlets.
The latest revelation by the Dubai Intelligence Unit follows report emerged in Ghana Sunday that Nana Appiah Mensah, popularly known as NAM 1, has been arrested in Dubai.
LISTEN: Audio: NAM1 arrest warrant fake – Asiedu Nketia
Background
Nana Appiah Mensah, Chief Executive of Menzgold, the self-styled gold dealership at the centre of heated controversy since its collapse in September last year, has been arrested in Dubai.
He was detained in Dubai before Christmas.
A warrant for his arrest was issued by a circuit court in Accra on 9 January after he failed to pay back monies owed to investors in his failed company.
ALSO: Why NAM1 was arrested in Dubai
The arrest follows huge pressure by the government of Ghana on the law-enforcement agencies and financial regulators to bring the failed company boss to book.
The Daily Statesman has confirmed through sources inside Interpol that the fugitive boss, popularly known as NAM1, was arrested following a complaint by a gold dealer who alleges that he has been duped by the Ghanaian.
The Dubai dealer reported that his company, Horizon Royal Diamonds DMCC, had attempted to close a deal with Appiah Mensah involving 750 kilos of gold. The deal was believed to be worth US$51 million.
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The complainant is a citizen of the United Arab Emirates.
NAM1 is said to be issuing a countersuit alleging that Horizon Royal Diamonds DMCC owes Menzgold $28 million.