General News of Saturday, 18 January 2020Source: ghananewsagency.orgFormer Beige Bank boss granted bailMichael Nyinaku, former Managing Director of defunct Beige BankMichael Nyinaku, former Managing Director of defunct Beige Bank who was being held for stealing GH¢340,000.00 and money laundering was on Friday admitted to bail by an Accra Circuit Court. Nyinaku was granted bail after his team of lawyers led by Mr Thaddeus Story filed a motion for bail pending trial. The circumstances, he said include, the fact that if accused person when granted bail would not appear to stand trial or the accused was likely to jump bail. Defence counsel said prosecution has not demonstrated that when the accused was granted bail he could commit further offences. The prosecution said the accused later transferred the funds to his company’s subsidiaries such as Beige Capital, Beige Care, Beige Assure, Beige Academy, Legacy Pensions, Bidwest Micro Finance, Beige Capital Asset, Adelia limited, DYI Limited among others and individuals such as Nana Afia Evelyn Kyei and Godwin Nordjo.

Source: GhanaWeb January 17, 2020 17:26 UTC