Home News Update: NAM1 could not raise the $1.4m bail set by Dubai court

Update: NAM1 could not raise the $1.4m bail set by Dubai court

- Advertisement -

Ghpage.com has received an update on the arrest of Nana Appiah Mensah, CEO of the embattled gold investment company, Menzgold by Dubai authorities for fraud. According to the report, NAM1 has not been able to fulfill the bail conditions set by a Dubai court hearing the fraud charges against him.

NAM1’s bail amount was set at $1.4 million by the Dubai court but NAM1, Ghpage.com understand has been able to raise only $800,000. That is $600,000 short of the required amount.

Nana Appiah Mensah

SEE ALSO: List of Ghanaian celebrities who invested with Menzgold & amount invested

Ghana police in a statement released a few hours ago today, 14th January 2019 confirmed Dubai authorities have reached out to Ghanaian authorities about the arrest of NAM1 in Dubi.

According to the press statement, Nana Appiah Mensah, the embattled billionaire millionaire was arrested on 7th December 2018 in a completely unrelated case from the Menzgold mess.

SEE HERE: Ghana police confirm NAM1’s arrest in Dubai

Horizon Royal Diamonds DMCC, an Arabic company based in Dubai filed a case of fraud against NAM1 leading to his arrest. However Graphic online reports NAM1 was rather chasing the company for his credit of $39m.

It not clear if NAM1 is doing everything he can to fulfill the bail conditions or not but Ghana Page is following the story and will report when there is any new development. STAY WITH GHPAGE.COM

SEE HERE: Full story of how NAM1 got busted in Dubai chasing $39 million

Get Ghana Latest News in your inbox each morning.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

TODAY

Wednesday, January 29, 2020
Accra
mist
26 ° C
26 °
26 °
94 %
4.1kmh
87 %
Wed
28 °
Thu
28 °
Fri
28 °
Sat
27 °
Sun
27 °

Most Read

Kobe Bryant death was predicted in 2012 by a Twitter user

The whole world especially the basketball fraternity is in total shock since the news about the sudden demise of NBA Superstar Kobe...

I stop pimping because most ladies are ungrateful-Tracey Boakye

Kumawood actress, Tracey Boakye has finally confessed that she was a big-time Pimp who introduced girls to big men.

Guy runs away after sleeping with Lapaz ashawo, Lady narrates story as she cries in their WhatsApp group

Ghpage.com has sighted a video fast going viral on social media. The video is from a WhatsApp group chat. The WhatsApp group...

Woman kills herself and her children after catching her husband in bed with their housegirl

A sad news emerging has it that a lady who caught her husband in bed with her house girl has killed herself...