News:
January 16, 2019
Board Chairman of the Ghana Water Company Ltd, Alexander Afenyo-Markin is urging government and indeed all citizens to tread cautiously on the Menzgold saga for the sake of customers whose investments are under threat.
Mr Afenyo-Markin who is also the honorable Member of Parliament for the Effutu Constituency in the Central Region urged the need for the matter to be handled with care in order to get something for the aggrieved clients.
The MP warned that the embattled CEO of Menzgold, Nana Appiah Mensah and two others should not be subjected to criminal prosecution since that may lead to the loss of their investments in the long run.
The lawmaker and a legal brain who was speaking on an Accra based TV3 noted that criminal prosecution should not be the urgent decision at this stage of the conversation since that will not be an option in advance jurisdictions.
“With criminal prosecution, let’s tread cautiously. Why? Even in advanced jurisdictions, the US, for instance, the FBI will prefer to cut a deal to save a situation than to rush to court and begin a criminal prosecution,” he stated.
“The customer needs his money, true. If you prosecute the man, if you look at the Financial Task-force Regulation, there is a strong recommendation for a civil forfeiture procedure in matters as complicated as we find it now. Again, you wouldn’t get what you want.” He noted.
The MP urged the need to depoliticize the development whiles noting that the actions by both customers and Menzgold have not helped matters.
Christian Kpesese/ghanamps.com