An Accra Circuit Court has today August 6, 2019, reviewed the bail conditions of embattled CEO of Menzgold, Nana Appiah Mensah.

The review follows an application by his lawyers that described the bail sum as impossible to meet.

Lawyer Kwame Akuffo, the lead counsel prayed the court to fix the new bail sum at 5 million Ghana cedis a request the trial judge, Jane Harriet Akweley Quaye obliged.

Under the new bail conditions, persons standing surety will no longer show evidence of owning property worth 1 billion cedis.

The case has been adjourned to September 3, 2019.

Nana Appiah Mensah was on July 26, 2019, granted bail in the sum of GH¢1 billion, with five sureties but the CEO failed to meet the bail conditions.

Per the bail conditions, three of the sureties were to be justified, while NAM 1 was also to report himself to the Ghana Police Service every Wednesday.

NAM 1 is standing trial for defrauding by false pretences, abetment to defraud by false pretences, carrying deposit business without licence, abetment of sale of minerals without licence, sale of minerals without a licence, abetment to the unlawful deposit-taking, unlawful deposit-taking and money laundering.

He has pleaded not guilty to all the charges.


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