The Financial and Economic Division of the High Court has made orders concerning properties of Chief Executive Officer of gold firm Menzgold.

This comes after the Director of Economic and Organized Crime Office(EOCO), Lawyer Abu Issah had moved a motion for the properties of NAM1 and Menzgold to be auctioned.

“We have a motion on notice for the discharge of confirmation and further prayer for official auction for the properties of respondents” (Menzgold and NAM1).

Moving the application which was filed on November 19, 2021, counsel said, the applicant (EOCO) and other corroborative agencies found out that, the respondents have engaged in money laundering and other serious offences contrary to sections of the Economic and Organised Crime Office.

Justice Afia Serwah Asare-Botwe who presided over the court said orders of the court for the official auction of the properties of NAM1 would be made ready today, January 19, 2022.