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General News of Tuesday, 29 January 2019

Source: 3news.com

Surrender all Menzgold properties in your possession – Court orders employees

EOCO has been directed to take possession of landed properties and vehicles of Menzgold EOCO has been directed to take possession of landed properties and vehicles of Menzgold

A high court in Accra has ordered all employees of troubled Menzgold Ghana Limited and all its sister companies, to surrender every company property in their possession to the Economic and Organise Crime Office (EOCO)

Also, relatives and friends of the owner, Nana Appiah Mensah, who are in possession of any property of the companies are to surrender same to EOCO, the court order freezing the landed assets and vehicles of Menzgold and its subsidiaries companies said.

“All employees of the affected company, relatives and friends who are in possession of any of such properties to surrender same by the authority of the High Court to the Economic and Organised Crime Head office and regional offices in their own interest,” EOCO said.

In a statement issued in Accra Tuesday, EOCO which is investigating Nana Appiah Mensah for economic crime arising out of the Menzgold debacle said any employee, relative or friend who fails to comply with the order will be in contempt of court.

Such breaches, it explained, “will attract the appropriate sanctions”.

It has meanwhile appealed to the general public “to assist EOCO by giving information to facilitate the retrieval of all vehicles and properties not listed in the freezing order”.

Per the court order, EOCO has been directed to take possession of landed properties and vehicles of Menzgold Ghana Limited, Menzgold office complex, Zylogon Art Complex, Brew Marketing Consult, Star Madrid Football Club, Zylofon Music and Media Company Limited, and Brew Energy Company.

The rest are G-Tech Automobile Service, two properties located at Trassaco Valley; that is plot No. 315 and plot No.337, plot of land (No. 54) near Oak Street-Trassaco Valley, an uncompleted residence, and 510 acres of land.