Customers to sue Menzgold for breach of contract - Lawyer
The lawyer for some customers of , Amanda Clinton says she has started filing individual lawsuits for breach of contract against the embattled gold dealership firm
to her, offered lucrative interest rates which they have been unable to fulfil to convince their customers to sign onto their products.
She said her clients are determined to retrieve the all the monies they invested with .
"Our next line of action is we have already started filing in the High Courts for individuals but we are not claiming fraud, we are actually claiming breach of contract because the agreement was individual," Madam Clinton said in an interview on Joy FM.
She added: "Every time somebody paid money they signed an agreement. Was very generous towards the investor because they wanted the investor to sign, you know, so it's quite simply a breach of contract and they want their money back basically.
"Once we get for that in terms of the different clients in whichever and however way... We are definitely gonna claw back and try and get as much money as possible".
No BoG intervention
Meanwhile, the Second Deputy Governor of BoG, Mrs Elsie Awadzi, has reiterated that the Central Bank will not intervene in the impasse between and its customers.
“We don’t even have the power to intervene; we didn’t regulate it, there is no way we are going to do anything. We don’t have anything to do with unfortunately,” she said in an interview on Joy FM.
She said the Bank of Ghana “has been very clear for a long while about the fact this was an unlicensed operation.”