VIDEOS: Customers besiege Menzgold premises after SEC order

Graphic.com.gh Business News Sep - 12 - 2018 , 12:47

Customers of Menzgold Ghana Limited have besieged the premises of the gold dealership firm in East Legon to retrieve their deposits following an order by the Securities and Exchange Commission (SEC) directing the company to shut down their investment section with immediate effect.

Initially chaotic scenes sparked by the SEC announcement have now calmed after the customers who are worried about the safety of their deposits were permitted into the Menzgold premises.

Over 200 customers are currently at the premises of Menzgold but many more continue to troop in.

Whats your move ? @menzgold
Issue or Crisis?@Mister_Asante @ElikemAnatsui @ghmelon @yvonne_bossman etc... pic.twitter.com/WqVEmGpbfr
— AfuaSomuah (@theAfua) September 12, 2018

Meanwhile, the management of Menzgold has issued a statement assuring their patrons that neither Menzgold as a business entity nor any of its products has been shut down.

Investments at Menzgold at risk? pic.twitter.com/jYkz91Thbn
— Nii Sarpei Hornsby (@nii_sarpei) September 12, 2018

Condemning what the statement describes as a needless leak from the SEC, Menzgold said as a law-abiding organisation it had referred the matter to its lawyers to deal with.