The Chief Executive Officer of Menzgold, Nana Appiah Mensah has been granted a GH¢ 1 billion bail by an Accra Circuit court.
He is to present 5 sureties, three of whom must be justified. This was after he made a second appearance before the court on Friday.
Nam 1 pleaded not guilty to all the charges. His lawyer, Kwame Akuffo while praying the court for the bail asked the court to reduce the monetary condition because all his assets have been seized by the state.
The state prosecutor did not oppose the bail application. As part of the bail condition, NAM1 is expected to report to the police every Wednesday.