{"id":13669,"date":"2018-12-21T20:04:15","date_gmt":"2018-12-21T20:04:15","guid":{"rendered":"https:\/\/www.kumasionlinegh.com\/?p=13669"},"modified":"2018-12-21T20:04:15","modified_gmt":"2018-12-21T20:04:15","slug":"court-orders-auction-of-menzgolds-amakom-properties","status":"publish","type":"post","link":"https:\/\/www.kumasionlinetv.com\/?p=13669","title":{"rendered":"Court orders auction of Menzgold\u2019s Amakom properties"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-8389\" src=\"https:\/\/www.kumasionlinegh.com\/wp-content\/uploads\/2018\/06\/court.jpg\" alt=\"\" width=\"620\" height=\"330\" srcset=\"https:\/\/www.kumasionlinetv.com\/wp-content\/uploads\/2018\/06\/court.jpg 620w, https:\/\/www.kumasionlinetv.com\/wp-content\/uploads\/2018\/06\/court-410x218.jpg 410w, https:\/\/www.kumasionlinetv.com\/wp-content\/uploads\/2018\/06\/court-310x165.jpg 310w\" sizes=\"auto, (max-width: 620px) 100vw, 620px\" \/><\/p>\n<p>The Kumasi Circuit Court has ordered the sale of properties of Menzgold Company Limited in Amakom in the Ashanti Region by public auction before 10 am on\u00a0 January 16, 2019.<\/p>\n<p>This follows a suit brought against the company by an aggrieved customer, Henry Darko over the failure of the company to pay his principal investments and extra value.<\/p>\n<p>The court, in its ruling, while instructing the company not to sell or gift out the property, cautioned the general public not to receive the property whether by purchase, gift or any other means.<\/p>\n<p>This was contained in a writ posted on the notices of the company of the gold dealership company in Amakom.<\/p>\n<p>The company has over the past months faced a number of suits over the failure to repay the principal investments of its customers.<\/p>\n<p>This comes after\u00a0<a href=\"https:\/\/citinewsroom.com\/2018\/12\/19\/kasoa-police-officers-sue-menzgold-to-retrieve-locked-up-cash\/\"><strong>100 retired and active<\/strong><\/a>\u00a0Police Officers at the Kasoa Divisional Police Command in the Central Region sued Menzgold in a bid to retrieve their locked up investments.<\/p>\n<p>The affected officers told\u00a0Citi News\u00a0they resorted to the court because all attempts to retrieve their monies from Menzgold have proven futile so far.<\/p>\n<p>The Leader of the group, Samson Addai, blamed the\u00a0government for their woes because it failed to regulate the activities of the company.<\/p>\n<p><strong>Staff sound alarm<\/strong><\/p>\n<p>Staff of Menzgold\u00a0are also distrustful of their management, who\u00a0<strong><a href=\"https:\/\/citinewsroom.com\/2018\/12\/16\/menzgold-management-conniving-to-secretly-pay-close-friends-staff\/\">they accused of conniving<\/a><\/strong>\u00a0with some persons within the government to secretly pay off selected clients of the company.<\/p>\n<p>The staff, who say they have been working for four months without pay, also say they are being denied information by management on the issue of client settlements.<\/p>\n<p>Powers in governance are aiding persons to retrieve funds but these same powers are reluctant in seeking the best solution for all,\u201d the staff said in the statement.<\/p>\n<p>Menzgold\u00a0was asked to suspend its gold\u00a0<a href=\"https:\/\/citinewsroom.com\/2018\/09\/12\/sec-orders-menzgold-to-suspend-illegal-operations\/\"><strong>trading operations<\/strong><\/a>\u00a0with the public by the Securities and Exchange Commission (SEC).<\/p>\n<p>Menzgold had been dealing in the purchase and deposit of gold collectables from the public and issuing contracts with guaranteed returns with clients, without a valid license from the Commission.<\/p>\n<p>This, the SEC said was in contravention of section 109 of Act 929 with consequences under section 2016 (I) of the same Act.<\/p>\n<p>\u2013<\/p>\n<p>Source: Citinewsroom.com<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Kumasi Circuit Court has ordered the sale of properties of Menzgold Company Limited in Amakom in the Ashanti Region by public auction before 10 am on\u00a0 January 16, 2019. This follows a suit brought against the company by an aggrieved customer, Henry Darko over the failure of the company to pay his principal investments [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":8389,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"iawp_total_views":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13669","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Court orders auction of Menzgold\u2019s Amakom properties - Kumasi Online TV<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.kumasionlinetv.com\/?p=13669\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Court orders auction of Menzgold\u2019s Amakom properties - Kumasi Online TV\" \/>\n<meta property=\"og:description\" content=\"The Kumasi Circuit Court has ordered the sale of properties of Menzgold Company Limited in Amakom in the Ashanti Region by public auction before 10 am on\u00a0 January 16, 2019. 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