The Kumasi Circuit Court has ordered the sale of properties of Menzgold Company Limited in Amakom in the Ashanti Region by public auction before 10 am on January 16, 2019.
This follows a suit brought against the company by an aggrieved customer, Henry Darko over the failure of the company to pay his principal investments and extra value.
The court, in its ruling, while instructing the company not to sell or gift out the property, cautioned the general public not to receive the property whether by purchase, gift or any other means.
This was contained in a writ posted on the notices of the company of the gold dealership company in Amakom.
The company has over the past months faced a number of suits over the failure to repay the principal investments of its customers.
This comes after 100 retired and active Police Officers at the Kasoa Divisional Police Command in the Central Region sued Menzgold in a bid to retrieve their locked up investments.
The affected officers told Citi News they resorted to the court because all attempts to retrieve their monies from Menzgold have proven futile so far.
The Leader of the group, Samson Addai, blamed the government for their woes because it failed to regulate the activities of the company.
Credit: Citi News