Chief Executive Officer (CEO) of Dalex Finance, Ken Thompson, has said it will be nearly impossible for customers of defunct gold dealership firm Menzgold, to recoup their locked-up investments.
Mr Thompson is of the view that, unless government decides to intervene and pay aggrieved customers of the defunct firm, aggrieved customers should not ever think of being able to recover their locked-up funds.
He made the assertion in a TV3 documentary titled The Menzgold heartache in Ghana; two years on! .
“It was such an obvious scam and I don’t know how we allowed it to happen. And I am not sure it would not happen again,” said Mr Thompson.
“It was almost as if the messiah had come and was changing peoples’ lives. Whenever these things happen, it derails the trust people have in the financial system,” he added.
Speaking further in the documentary, Mr Thompson noted that there is no hope in sight for customers in retrieving their locked funds.
“As for the people who have lost their monies, it is unfortunate, they may not get it back. If they get something back, then it probably would be from the generosity of the state.”
With the Menzgold heartache, arguably the most publicized financial scam in recent memory, experts say the relevant agencies must act to ensure the players in this circus are prosecuted.
“It is such a shame that two years on, people are still walking. Nobody has been prosecuted, Nana Appiah Mensah is probably living in luxury in his mansions and other properties that are left,” Mr Thompson stated.
