People who invested with Menzgold were 'greedy' – Ken Agyapong
Kennedy Agyapong
People who invested with Menzgold Company Limited did so out of greed,
the Member of Parliament for Assin Central, Kennedy Agyapong, has said.
According to him, most customers knew that the returns on offer were
unreal yet went ahead to invest with the gold dealership firm.
This, the maverick lawmaker said, makes all persons who invested their monies with the company greedy.
“All those who invested in Menzgold are greedy people, how can you
invest in financial institutions offering more than the rate normal
banks will offer…?” Mr. Agyapong said on Adom TV.
The Assin Central MP also called for the assets of Menzgold CEO Nana
Appiah Mensah to be confiscated and sold to defray the debts of the
customers.
In recent months, Menzgold, which offers very high returns to
customers, has come under the spotlight following several inconclusive
tussles with the Bank of Ghana (BoG), the Minerals Commission and the
Securities and Exchange Commission (SEC).
The Central Bank and Minerals Commission maintain that the company has
been taking deposits and locally selling gold despite not having the
requisite licence to do.
However, the seriousness of the issue was confirmed in September when
SEC directed Menzgold to shut down its gold trading activities.
Currently, the operations of the company remain closed to the public,
with several customers agitating for a refund of their investments.
