Menzgold Saga: Staff Calls on EOCO To Investigates Management of Menzgold

According to them, the management of the company has also sold off some assets of the company for personal gains as well as pay off their close friends.

A statement issued on Saturday and signed by three Corporate Relations Officers of the company, said “We confirm that Management members are secretly paying off clients without a proper schedule and with assurances to other clients. This makes their act suspicious, and unfair whenever money is made available.

“Powers in governance are aiding persons to retrieve funds but these same powers are reluctant in seeking the best solution for all.”

The staff, who say they have been working for four months without pay, also say they are being denied information by management on the issue of client settlements.

One of the signatories to the letter, Jonathan Machator, told reporters, “Since the inception of this issue we’ve been demanding for information but we have always been left in the dark.”

“We recently petitioned management for clarifications but we got no answers. So we thought it wise to make the general public know that this is where we find ourselves and we have no information as what is happening in the company,” he added.

According to the statement, some management members have tried to leave the country “and have been deported”.

They are therefore calling on the Economic and Organised Crime Office (EOCO) to investigate the activities of their management.

“Management members have fraudulently acquired properties such as luxury houses, schools, flashy and luxury cars and many more, to dwindle the finances of the company. We therefore wish that EOCO investigates them.”

Meanwhile, all employess of Menzgold across the country have been on leave since Monday, December 10, following a directive by management of the firm.

The members of staff numbering about 1,200, are expected to resume work on Thursday, December 20, 2018.

Business Today 

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