The Director-General of the Criminal Investigations Department (CID) of the Ghana Police Service, DCOP Maame Yaa Tiwaa Addo-Danquah, has denied claims that the Chief Executive Officer of gold dealership firm, Menzgold, Nana Appiah Mensah was arrested for operating a Ponzi scheme.

Her denial follows claims by the founder of think tank Danquah Institute (DI), Gabby Asare Otchere-Darko, that NAM1 has fled Ghana and gone into hiding.

Following a demonstration by aggrieved clients of the company in Kumasi on Tuesday, 8 January 2018, Mr Asare Otchere-Darko tweeted: “I understand the owner of Menzgold, Nana Appiah Mensah, has breached his bail condition and absconded.

“We can’t allow those who allegedly dupe people with such impunity to get away with it that easily. Let’s smoke them out, wherever they are, and throw the book at them!

“While I will not want a pesewa of my tax money to be involved with this Ponzi matter, I believe the majority of Ghanaians will agree with me that the law must come down heavily on those who use such schemes to destroy the lives of many people”.

However, DCOP Maame Yaa Tiwaa Addo-Danquah denied the claim in an interview with Accra-based 3FM on Wednesday, 9 January that there has not been any official complaint against NAM1.

She added that as far as the police were concerned, they have “never arrested or invited” Nana Appiah Mensah.