NAM1 was arrested in Dubai in December 2018 in connection with an alleged fraudulent gold deal and has since been in the Custody of Dubai authorities while an Interpol alert is also placed on him by Ghana officials.
It was gathered in April 2019 that the embattled CEO of gold trading firm Menzgold, Nana Appiah Mensah has won his court case in Dubai after months of been held there for his trial.
We waited anxiously till another news came in that he has finally won his Dubai court case with Horizon Royal Diamond and is supposed to receive an amount of 39 million dollars as a settlement.
Well, from the news we have sighted online, a source with ABC News has debunked claims that the appeals court in Dubai ordered Horizon Royal Diamond to pay NAM1 an amount of thirty-nine million dollars.
“I was in court that day, it is not true that NAM1 is to be given any Thirty-nine Million Dollars. The judge, Rasheed Mohammed Al-Sumairi, ruled that the appellant (Horizon Diamond) had failed to produce enough evidence to support its claim that, NAM1 owes the company the said amount”, the source said.
“NAM1 did not make a counterclaim against the company, so how could the court have awarded that cost to him”, he queried.
“I was in Court but neither NAM1 and his lawyers nor Danny Joudeof of Horizon Royal Diamond was not present” the source added.
The Appeals Court reportedly upheld the acquittal and discharge verdict of the embattled Menzgold boss, an indication that the numerous customers whose funds have been locked up at the gold collectible firm might be getting something back very soon.
However, per the new twist, the customers may have to still hope against hope.