The Chief Executive Officer (CEO) of Menzgold Ghana Limited, Nana Appiah Mensah (NAM1) is fit and healthy contrary to social media discussions that he has lost weight over the controversy of his firm's operations, Director of Communications of Menzgold, Nii Armah Amartefio, has said.

Mr Amartefio said he has met NAM1, after the arrival of the latter in Ghana, to face charges levelled against him by irate Menzgold clients, and he is far from the descriptions given him by social media commentators.

He told Benjamin Akakpo on Class 91.3FM’s Executive Breakfast Show on Friday, 12 July 2019 that: “I saw him, he hasn’t lost weight at all. He was still bubbly. He is the same boss that I know. He is in high spirit and I was even surprised at his energy levels…”

The perplexed Director of Communications wondered where the Menzgold detractors “got that description from”.

“When I read that thing on social media, I was laughing. I even showed it to him and he was also laughing and asked ‘where from this’?” he noted.

Meanwhile, NAM1 has been charged by the police and remanded into police custody to reappear in the Accra Circuit Court on 26 July 2019 after his arrival in Ghana.

He is facing charges of defrauding by false pretence and two counts of abetment to carry out a banking business without a licence contrary to Section 6 (1) of the Banks and Specialised Deposit-taking Institutions Act, 2016 (Act 930).

His Brew Marketing Consult and Menzgold Ghana Limited have also been slapped with charges of defrauding by false pretence contrary to sections 20 (1) and 13 (1) of the Criminal Offences Act, 1960 (Act 29).

The remand was granted by the court upon the request of the police in order for them to complete investigations into the case in two weeks.

He was arraigned today, Friday, 12 July 2019 after spending the night in the custody of the Criminal Investigations Department (CID) of the Ghana Police Service following his arrival in Ghana on Thursday.

The young Ghanaian businessman had been in the custody of Dubai authorities since December last year. He was arrested during his sojourn to the Emirates to collect some hefty amount owed his company by a businessman there.

NAM1, who is being sought after by both his thousands of aggrieved clients whose investments have been locked up with the company since August last year; as well as the government of Ghana, won two court cases against his rival businessman while in Dubai.

An Interpol red alert has been on NAM1’s head for several months since his detention in Dubai.

The Supreme Court of Dubai recently upheld a victory of the businessman in a lower court which ordered his Emirati businessman rival to pay the Ghanaian some $39 million and compensation.