BoG, gov’t complicit in MenzGold scandal –Victims’ lawyer



Share this storyShare on Facebook
Facebook
Tweet about this on Twitter
Twitter
Share on LinkedIn
Linkedin

Lawyer for aggrieved customers of MenzGold, Amanda Clinton, has accused Ghana’s Central Bank of failing to do potential due diligence.

On September 12, 2018, the SEC first told Menzgold to stop gold trading operations with the public.

According to the SEC, Menzgold had been dealing in the purchase and deposit of gold collectables from the public and issuing contracts with guaranteed returns with clients, without a valid license from the Commission.

In an interview with Host of AM Drive, Kaakyire Ofori Ayim Wednesday Morning, Lawyer for the aggrieved customers of MenzGold, Amanda Clinton explained that BoG cannot escape blame in the MenzGold Scandal.

She noted that that the Central Bank’s failure to stop the Gold trading firm in its first year of operations makes them complicit in the whole scandal.

Citing Anas’ Number 12 expose as an example, Amanda Clinton stated that government should be interested in the MenzGold saga just like the effort they placed in the expose.

“What is reality however is that 1.8 million Ghanaians affected in the last five years in the region of $200 million invested in an unregulated company. The reality of the situation is that people just want their money and that is what we are pushing for.”

Menzgold customers in the Ashanti Region, Tuesday staged another demonstration in Kumasi to display their displeasure with their locked up investment with the embattled gold dealership company.

Meanwhile, Menzgold Customer, Nana Adwoa, who invested Ghc70,000.00 has threatened to poison herself if the embattled gold dealership firm fails to pay her dividends.

Ghana | Atinkaonline.com | Vivian Adu Boatemaa