In the ongoing trial of Nana Appiah Mensah, popularly known as NAM1, the Accra High Court heard from the second prosecution witness. The witness claimed that after investing over one million Ghana cedis with NAM1’s two companies, he did not receive the expected dividends. The testimony was part of the proceedings overseen by Justice Ernest Owusu-Dapaah.
During his time on the stand, Edward Otu Larbi, a sales manager, expressed his initial trust in the companies, leading to his significant investment. However, under cross-examination by the defense attorney, Kwame B. Akufo, Larbi voiced his disappointment, stating that the companies failed to fulfill their financial promises, prompting his court appearance.
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The case has been scheduled to continue on January 17, 2024, when the prosecution will present its next witness. Meanwhile, NAM1 faces 39 counts, including unlicensed gold sales and operating without a proper deposit-taking license. The accusations involve defrauding customers of substantial sums between 2016 and 2018. Despite the serious charges, NAM1 maintains his innocence and has been granted bail.
