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Court grants CEO of defunct Beige Capital ₵200m bail

Additionally, he must show two sureties, each of whom must be supported by documentation attesting to landed property worth the bail bond, and leave his passport at the court’s registry.

Today, Tuesday, November 8, 2022, Mr. Nyinaku came before the Accra High Court and entered a not guilty plea to all charges.

He was previously charged with stealing more than GHS340 million in a circuit court, and now he faces further counts of theft and money laundering.

Bail was approved by Her Ladyship Afia Serwaa Asare Botchwey.

Additionally, Mr. Nyinaku has been told to show up at the Police Station each Monday and Friday.

According to the facts of the new case before the High Court, several suspicious and anomalous transactions were discovered in the Bank’s financial and other documents after its license was withdrawn in August 2018 and were later reported.

According to investigations, Mr. Nyinaku allegedly transferred enormous quantities of money to firms affiliated with him between 2015 and 2018 for his own gain.

December 22 has been set aside for the case.

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