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Founder and CEO of defunct Beige Capital Bank, Michael Nyinaku has been granted a bail of ¢200m by the Financial and Economic Court 2 of the Accra High Court.
Appearing before the Accra High Court, Today, 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 Economic and Organized Crime Office (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 application 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.
Source: myghanadaily
