The security authorities in Ghana have confirmed the arrest of the Chief Executive Officer of gold dealership firm, Menzgold Ghana Limited, Nana Appiah Mensah (NAM 1) in Dubai.

A statement issued by Assistant Commissioner of Police David Eklu, Director-General, Public Affairs of the Ghana Police Service on Monday, 14 January 2019, said NAM1 was arrested by Emirati officials in connection with some gold deal that went bad in that jurisdiction.

His arrest, according to the Ghana Police Service, coincided with an arrest warrant issued by the court in Ghana after customers of the firm agitated through demonstrations.

At the moment, the Ghana Police Service is liaising with authorities in Dubai over the embattled businessman.

Back home, the Ghana Police Service issued a warrant for NAM1’s arrest as well as that of two other directors of the company on Wednesday, 9 January 2019, on charges of defrauding by false pretences.

That same day, an Interpol alert was triggered to facilitate a search for him globally.

On Sunday, 13 January 2019, Ghanaian officials in Dubai were informed by the Emirati officials that they had already arrested NAM1 as of 7 December 2018.

“His arrest in Dubai is to facilitate investigations into suspicions that he had involved in a gold trading deal gone bad within the Emirati jurisdiction.

“Ghanaian officials have visited NAM1 in the custody of Dubai Police. Engagements with Dubai authorities on the next step have commenced and the police administration assures the public that due process will be followed,” the statement said.