The Dubai high court hearing the case involving Menzgold CEO, Nana Appiah Mensah and his Arabian debtors, Royal Horison, has upheld its earlier ruling ordering the United Arab Emirates-based company to pay up $39 million owed the Ghanaian.
The court at its sitting on Tuesday over an appeal filed by Royal Horison also ordered the company to pay NAM1 compensation for the period he has been incarcerated in Dubai.
Royal Horison, feeling hard done by when the court ruled in April in favour of NAM and Menzgold, filed an appeal to overturn the ruling but the court says the appeal lacked merit.
More soon...
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
Latest Stories
-
ORAL campaign key to NDC’s election victory – North America Dema Naa
8 minutes -
US Supreme Court to hear TikTok challenge to potential ban
13 minutes -
Amazon faces US strike threat ahead of Christmas
45 minutes -
Jaguar Land Rover electric car whistleblower sacked
52 minutes -
US makes third interest rate cut despite inflation risk
57 minutes -
Fish processors call for intervention against illegal trawling activities
1 hour -
Ghana will take time to recover – Akorfa Edjeani
2 hours -
Boakye Agyarko urges reforms to revitalise NPP after election defeat
2 hours -
Finance Minister skips mini-budget presentation for third time
2 hours -
‘ORAL’ team to work gratis – Ablakwa
2 hours -
Affirmative Action Coalition condemns lack of gender quotas in Transition, anti-corruption teams
2 hours -
December 7 election was a battle for the ‘soul of Ghana’ against NPP – Fifi Kwetey
2 hours -
Social media buzzing ahead of Black Sherif’s ‘Zaama Disco’ on December 21
3 hours -
Afenyo-Markin still suffering from the massive defeat – Fifi Kwetey
3 hours -
Retain Afenyo-Markin as NPP leader, he has experience – Deputy Speaker
3 hours