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The Founder and CEO of defunct Beige Capital Bank, Michael Nyinaku has been granted a bail of 200 million Ghana cedis by the Financial and economic court 2 of the Accra High Court.
Mr Nyinaku who has been accused of stealing depositors funds to the tune of 1. 2billion cedis is facing 43 charges of stealing, fraudulent breach of trust and money laundering.
Appearing before the Accra High Court, Monday Mr Nyinaku pleaded not guilty to all counts.
His counsel, Lawyer Addo Tuah told the court that the developments occurred from about 2015 to date and the accused has religiously appeared before various Investigative bodies including EOCO.
He noted that they have never defaulted as and when they were needed and hence prayed the court to grant bail.
Deputy Attorney-General, Alfred Tuah Yeboah did not oppose to the bail.
Presiding judge, Afia Serwaa Asare Botwe granted a bail of 200 million Ghana cedis with 3 sureties two to be justified by either a landed property valued by government valuation body or a land valuation division of the lands commission.
The Case has been adjourned to December 22 for case management conference.
He is to deposit his passport at the court registry and report to the Police every Monday and Friday.
By uniquenewsgh.com
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