Groupe Nduom, which is headed by politician and business mogul, Dr. Paa Kwesi Nduom has come out boldly to refute claims suggesting that, they invested in Menzgold.

They noted that, none of its subsidiaries invested in the now troubled gold dealership firm, Menzgold Ghana Limited, as has been suggested by some people.

According to the company, which owns the securities and brokerage firm Gold Coast Securities and the now downgraded GN Bank, there are commentary on social media to suggest Group Nduom has invested part of its funds in Menzgold.

The claims were even heightened by GN Bank and Gold Coast Securities’ inability to pay their customers returns on their matured investments, particularly at a time Menzgold was also in crisis and struggling to pay its customers their matured investments.

A statement issued by the head of corporate affairs of Groupe Nduom, Frank Owusu-Ofori, unequivocally denied such claims, stating “neither Groupe Nduom nor its subsidiaries, has made any investment with Menzgold Ghana Ltd”.

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