The chief executive of Menzgold company limited, Nana Appiah Mensah, aka NAM1, who made a reputation as the self-styled gold dealership and young business leader, has been arrested in Dubai.

He was detained in Dubai, the report.

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.The arrest follows huge complaints by victims of the embattled MenzGold operation. The complainant, a citizen of the United Arab Emirates, reported that he had attempted to close a transaction with NAM1 worth $20 million.

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.

More soon.


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