The Circuit Court on Wednesday issued an arrest warrant for the embattled businessman after his investment company failed to refund customer’s monies after the Security and Exchanges Commission (SEC) declared its operations illegal.
The warrant said NAM1 is wanted for defrauding by false pretense and also wanted for money laundering.
But the spokesperson for gold dealership firm, Menzgold says the company’s CEO, Nana Appiah Mensah has travelled abroad to work in order to repay customers locked up investments.
Nii Armah Amarteifio denies that his boss has absconded with investor funds, leaving workers to bear the brunt of angry customers.
He explained that the only reason NAM1, as he is popularly known, has only gone out of town is in search of money to pay the customers their investments.
“He has travelled outside the shores of Ghana and is working to make sure that he gets money to come and pay our customers.
“Is the money here? Can we get the money here” if our CEO has travelled outside to work and get money to pay our customers, may I know what is wrong with that,” he queried on Joy FM’s news programme Top Story.