Controversial lawyer, Maurice Ampaw is alleging that Finance Minister, Ken Ofori-Atta in concert with the Bank of Ghana (BoG) and Securities and Exchange Commission (SEC) deliberately closed down gold trading hub, Menzgold because it threatened the existence of his Databank, MyNewsGh.com has learnt.

Maurice Ampaw, his wife and family who have about GH¢1 million locked up with Menzgold, told Kumasi-based Abusua Fm that the company could not have said to be operating illegally when under the regulators it operated for over 5 years.

“Kwame, those saying Menzgold Company was operating illegally should refrain from the propaganda. Didn’t Menzgold pay tax and SSNIT to the government? Can a fraudster pay tax and SSNIT to the government? Government is aware of the Menzgold operation. The government, Bank of Ghana deliberately collapsed Menzgold Company because Menzgold operations was collapsing Bank of Ghana and Ofori Atta databank” he said.

He denied claims he did not do due diligence before lodging his cash with the company insisting that the regulators failed to do their job very well.

“I did due diligent at the Registrar General’s Department and the Minerals Commission so I was so satisfied. Therefore I increased my investment bit by bit then my confidence level increased as well”, he noted.

“I realized a company that has existed for about five years whiles it has operated under the watch of government, that was able to sponsor Premier League, who took the entertainment industry by storm, a company that could visit Asantehene with a Private jet. Somebody who has met President Nana Addo three times” nothing showed he was a fraudster.