Business News of Friday, 28 June 2024

Source: GNA

Court grants video evidence permit to Nyinaku’s witness

Michael Nyinaku Michael Nyinaku

The Economic and Financial Court Two has granted an application for the 15th defense witness in the ongoing trial of Beige Bank's former Chief Executive Officer (CEO) to give his evidence via video.

This is due to Dr. Edem BarWilliams, the next witness, being outside the Court's jurisdiction, as stated by Thaddeus Sory, counsel for Michael Nyinaku, the former CEO of the now-liquidated bank.

The court presided over by Afia Serwaa Asare-Botwe, a Court of Appeal Judge with additional responsibilities at the High Court, granted the application subject to the acceptance of Chief Justice Gertrude Sackey Torkornoo. The grant of the application would extend to any of the 61 witnesses the defense counsel might call.

The defense is also awaiting the prosecution's filing of disclosures (witness statements) from two additional witnesses: Augustine Boakye Yiadom and Benjamin Akorglu.

Nyinaku stands accused of siphoning customers' funds without their consent, theft, and fraudulent breaches of trust.

He has denied all the charges and is currently on bail pending trial.