The Director-General of the Criminal Investigations Department (CID) of the Ghana Police Service, DCOP Maame Yaa Tiwaa Addo-Danquah, has refuted earlier claims by cousin of President Akufo-Addo, Gabby Otchere Darko that the embattled CEO of Menzgold, Nana Appiah Mensah was arrested for operating a Ponzi scheme.

According to the police chief, the security body never made an attempt to arrest NAM 1 because they had no case against him.

Speaking in an interview with 3news, DCOP Maame Yaa Tiwaa Addo-Danquah, said as far as the Police were concerned, they have “never arrested or invited” Nana Appiah Mensah.

However, she added that she is aware the Economic and Organised Crime Office (EOCO) is investigating Mr. Apppiah Mensah who is said to be hiding in South Africa due to agitation by customers of his Menzgold who have been demanding for their investments.

Thousands of customers of the company who have had their investments with the firm locked up, have for months questioned why Nana Appiah Mensah has not been arrested over alleged breaches of the law.

A series of pickets and demonstrations by aggrieved customers have been held mostly in Accra and Kumasi where a lot of them invested their monies for what has been described as outrageous interests.

The customers say they have petitioned President Nana Akufo-Addo and the Finance Minister but have since not had any favourable response from them.

Mr. Otchere Darko who is said to be a close confidant of President Akufo-Addo posted on Facebook Tuesday night: “I understand the owner of Menzgold, Nana Appiah Mensah, has breached his bail condition and absconded”.

He added: “We can’t allow those who allegedly dupe people with such impunity to get away with it that easily. Let’s smoke them out, wherever they are, and throw the book at them!

“While I will not want a pesewa of my tax money to be involved with this Ponzi matter, I believe the majority of Ghanaians will agree with me that the law must come down heavily on those who use such schemes to destroy the lives of many people”.

Her denial follows claims by the founder of think tank Danquah Institute (DI), Gabby Asare Otchere-Darko, that NAM1 has fled Ghana and gone into hiding.