BREAKING NEWS : Ghana: Owner of Ponzi scheme Menzgold arrested in Accra

The owner and chief executive of a Ponzi scheme company called Menzgold, Nana Appiah Mensah, has been arrested in Ghana.

He had arrived in Accra from Dubai on Thursday but was quickly arrested by police officials.

Appiah Mensah had operated a company that deals in gold purchases with thousands of Ghanaians investing in it.

The customers of gold trading firm, Menzgold Ghana Limited were unable to access their locked up funds since 2018.

The gold firm has been struggling to pay premiums of its investors after receiving orders to stop public gold trading activities.

It sparked protests across the country with victims fearing not being able to get back their investment.

Embedded video

#JoyNews@JOYNEWSONTV

MENZGOLD SAGA: ‘How can I live in my own country and become a slave?’ – Menzgold customer cries after police torture.