Timothy Binob, the chairman of the Coalition of Aggrieved Customers of Menzgold, has disclosed that 100 members have passed away since they were unable to get their investments back from the bankrupt company.
As a result of numerous unsuccessful attempts to recover their investments with the company, he claimed on Nyankonton Mu Nsem on Rainbow Radio 87.5Fm that these members passed away from depression, anxiety, and other causes.
He said that some of these people had been interred by the group, but others were waiting for their last rites at the mortuary.
According to Mr. Binob, some other people are unable to pay their wards’ tuition, leading some of them to withdraw their wards from school, with some of those wards now walking our streets.
The CEO and founder of the defunct company, Nana Appiah Mensah, was not going to be prosecuted, according to Maame Yaa Tiwaa Addo-Danquah, the head of the Economic and Organized Crime Office (EOCO). He was responding to her.
According to her, they are also having difficulty prosecuting NAM 1 because they cannot find the specific law that allows them to do so.
But Timothy Binob says it sounds strange that the EOCO boss made such unfortunate comments.
He argued that it made no sense for the state to have closed down the company when it ho evidence to prosecute NAM 1.
Mr. Binob suggested that the government owed them an apology because what it did was terrible, deprived them of their livelihood, and led to depression, anxiety, pain, and the death of some members.
To compensate them for what had happened, they want the government to pay them their investments since the government confiscated the assets of the embattled CEO, who is currently standing trial.
“If you had no evidence, why did you seize his assets and shut down his business on the grounds that he lacked a license to operate?†This is unacceptable, and the government must come out and apologize to the Menzgold members who have been wronged,†he added.
“We never said NAM 1 was above the law. We stated that the government should have considered the customers before collapsing the company.”
“The government had no regard for the customers and went berserk in closing down the company,†he said.