The organizer and Chief of dead Beige Capital Bank, Mr. Michael Nyinaku, has been conceded a GHS200-million bail by the Monetary and Financial Court 2 of the Accra High Court.

Defunct BEIGE Bank’s CEO, Michael Nyinaku granted GH¢200m bail

He is additionally to store his visa at the Court's vault and present two guarantees, each to be legitimate with records of landed property worth the bail bond.

Mr. Nyinaku showed up under the watchful eye of the Accra High Court today, Tuesday, 8 November 2022, and argued not blameworthy to all counts.

He has been hit with new charges of robbery and tax evasion after he was before blamed for taking over GHS340 million at a circuit court.

Her Ladyship Afia Serwaa Asare Botchwey conceded the bail application.

Mr. Nyinaku has likewise been requested to answer to the Police each Monday and Friday.

Current realities of the new case at the High Court show that when Beige Bank's permit was denied in August 2018, a survey of the monetary and different records of the Bank uncovered a few dubious and strange exchanges which were consequently revealed.

Examinations uncovered that somewhere in the range of 2015 and 2018, Mr. Nyinaku purportedly moved colossal amounts of cash to organizations connected with him and for his own advantage.

The case has been concluded to December 22.

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