Menzgold has not submitted the documents we requested – SEC

Menzgold has not submitted the documents we requested and We have not stop Menzgold from paying old customers - SEC

Menzgold Closed Down by Securities and Exchanges Commission

Finally, The Securities and Exchange Commission who ordered Menzgold to stop accepting new depositors for violating Operational Permit has broken their silence on the numerous speculations surrounding the activities of Menzgold since the order.

Speaking Israel Laryear on Joy News on News Night, September 25th, 2018, the deputy director of SEC, Paul Ababio revealed that Menzgold is yet to submit the documents the SEC requested from the company despite the fact that the letter to Menzgold was delivered on the 7th September 2018.

SEE ALSO: Israel Laryea is retarded minded & extremely stupid – Nana Appiah Mensah

Mr. Paul Ababio explained that the SEC is waiting on Menzgold to verify and authenticate their documents before they give them the permission to carry on with that particular services to the public since it violates its permit.

READ ALSO:  Some prominent people will be assassinated by Ahmed Suale's killers-Prophet Cosmos

The Deputy Director of SEC also revealed that contrary to the belief in the public domain that Menzgoldhas been ordered to hold on all operations, SEC has not stop Menzgold from paying its old customers per the contract signed between Menzgold and the depositors.

SEE ALSO: NAM1’s brother blast Afia Schwarzenegger, Ken Agyapong and Ibrah one

Paul Ababio explained that the order of closure was that Menzgold should cease taking in new deposits. Nowhere did SEC authorized Menzgold not to give existing customers their money or returns.

READ ALSO:  I'm very worried about NAM1 - Stonebwoy

This explanation goes to say that, existing customers such as Afia Schwarzenegger’s mother who has supposedly invested GHS4,3 million with Menzgold and has been weeping for days can go for her money in peace with no restrictions from any higher authority.

SEE ALSO: NAM1 Exposes Ibrah One-Explains why he ‘hates’ him all these years

Watch the Deputy Director of SEC, Mr. Paul Ababio’s interview with Israel Laryea below.

SEE ALSO: Did NAM1 trigger Menzgold collapse to rescue his crumbling finances?

Get Ghana Latest News in your inbox each morning.

SUBSCRIBE
Rashad is a seasoned entertainment and lifestyle journalist who holds a Bachelor of Arts certificate in Social And Development Administration. He is also an award-winning publicist and social media enthusiast. For all your adverts, services and any related needs, you can reach Rashad on +233203713877 WhatsApp +233245475186 Email: rashad@ghpage.com Do well to follow him on all his social media handles below and have A-Z news update on all trending issues