Menzgold Ghana Limited has been closed down by the Securities and Exchange Commission as at today, 12TH September 2018 in a letter reaching Atinkanews.net signed by Paul Ababio Deputy Director General.
According to the Securities and Exchange Commission, Menzgold owned by Nana Appiah Mensah has violated the operating permits given to the establishment.
Part of the sighted by AtinkaNews. reads:
“Accordingly, the SEC hereby directs Menzgold Company Ltd to shut down immediately the business of trading in gold collectibles with guaranteed returns to clients which constitutes, in essence, dealing in securities with neither the necessary license nor disclosures authorized by the SEC. No new contracts should be created and all advertising of the investment business halted with immediate effect.”
Menzgold boss Nana Appiah Mensah is yet to issue any statement with regard to this order.
This a developing story. AtinkaNews will bring you the details as and when they come in.