Nana Appiah Mensah the CEO of Menzgold, popularly known as NAM 1 has won his court case in Dubai.
Our sources confirmed that the court pronounced judgment Tuesday morning ordering the company, with which he had issues, to pay him all outstanding debts,
NAM 1 has been in Dubai cells since November 2018 over a gold deal gone bad.
He was charged with fraud over a gold business worth $23million (GH¢114,587,150) with a Dubai company.
A Dubai-based businessman reported Mr. Mensah for fraud in May 2018.
Unaware that he was on the Dubai police’s wanted list, Mr. Mensah went to the Emirates with the hope of receiving a huge amount of money due him as a result of his earlier transactions with the Emirati, only to be arrested when he presented his passport to undergo immigration formalities.
Over $23 million is involved in the deal.
Several customers of his defunct gold firm have on several occasions demonstrated in Accra, Kumasi Takoradi and Tarkwa calling on the government to intervene and help them retrieve their locked up cash.