Business General

Menzgold customers besiege Dzorwulu office again

Scores of disgruntled customers of Menzgold Ghana Limited today, Monday, 24 December 2018 besieged the Dzorwulu office of the company in Accra to demand their locked-up investments.

Just on Thursday, 20 December 2018, some aggrieved customers of the company stormed the same office to demand their investments just as they have been doing in previous weeks.

The troubled gold dealership firm has petitioned parliament to help the company to amicably resolve its regulatory issues with the Securities and Exchange Commission (SEC) so it can pay all entitlements owed its clients.

In the petition to parliament’s Finance Committee dated 3 December 2018 and signed by Corporate Manager, Offie Nana Yaw on behalf of the CEO, Menzgold said it wants members of the committee to intervene in the standoff for the benefit of its customers.

“We humbly write to your high office to intervene and help resolve this matter amicably,” portions of the petition said.

Meanwhile, a circuit court in Kumasi, Ashanti Region, has ordered that some assets of Menzgold be auctioned to pay clients following a writ of fi.fa filed by one Henry Darko.

Menzgold was ordered by SEC to stop its gold vault market operations in August 2018 over regulatory infractions. Since then, the company has been unable to pay its customers who are between seven thousand and one million clients, their monthly extra values (dividends) as well as their principal investments.

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