Today, September 12, 2022, members of the Coalition of Aggrieved Customers of Menzgold are scheduled to embark on a demonstration to Jubilee House regarding their frozen funds.
Customers claim attempts to recover their money have been unsuccessful as today marks exactly four years since the government forced the collapse of the gold dealership company Menzgold.
Speaking to Citi News as the group’s spokesperson, Fred Forson discussed the procedures for presenting a petition to President Nana Addo Dankwa Akufo-Addo.
“We will converge at 9am at the Customs traffic light. From there, we will do a walk through the Ministries to the Black Stars Square. There, we shall have a press briefing. At 11am, we will present our petition. It is exactly four years since Menzgold was collapsed and for four years, we have done whatever we could but it appears there are no results. So this time around, we want to petition the president for a presidential intervention.”
The Securities and Exchange Commission (SEC) requested Menzgold to halt its public gold trading activities in 2018.
The SEC claims that Menzgold operated without a current license from the Commission, buying and depositing gold collectibles from members of the public and offering clients contracts with guaranteed returns.
According to the SEC, this was against Section 109 of Act 929, which has implications under Section 2016(I) of the same Act.
Customers of Menzgold have already lamented the government’s lack of commitment to paying them their money.
They have also expressed frustrations on the delayed prosecution of Menzgold Boss, Nana Appiah Mensah.
BY; Elizabeth Tamakloe
Source; Citinewsroom
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