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Beige Bank Trial: Two transactions were done on the instructions of Nyinaku

Assistant Superintendent of Police Joseph Abednego Atsha, the investigator in the trial of Michael Nyinaku, CEO of defunct Beige Bank, says two broad transactions were carried out on the instructions of Mr Nyinaku. He said the first category was related to the sum of GHS320 million transferred from the Beige…
Susana Philips Michael Nyinaku Godwin Nordjo Evelyn Kyei Nana Kyei Court Registry

Collapse of Beige Bank: Witness accuses former CEO of making bank his 'cash cow'

The proceedings of the High Court held at the last sitting on April 3 was largely centred on one of the prosecution’s case involving a total of GH¢141 million that was allegedly siphoned out of the accounts of 23 customers of the defunct Beige Bank on the instructions of the former CEO.
Mike Nyinaku Julius Ayivor Serwah Asare Botwe Multimedia Group Tobinco Pharmaceuticals High Court

Witness in Beige Bank trial says customers' funds were siphoned

Customers’ funds were siphoned from their accounts into Beige Capital Asset Management (BCAM) and issued with misleading certificates, a prosecution witness has said. He told the High Court hearing that matter that the transfers were done without the consent of the customers. Mr Julius Ayivor, who was being cross examined…
David Sogbojor Duah Agyemang Julius Ayivor Raphel Zelevu Michael Nyinaku High Court

Witness shares fictitious deals in Beige Bank CEO's trial

Mr Julius Ayivor, a witness in the ongoing trial of Michael Nyinaku, Chief Executive Officer (CEO) of the defunct Beige Bank, has provided insights into the alleged fictitious deals of the accused person involving over GHS1.2 billion theft. Mr Ayivor, a chartered accountant, on secondment from KPMG to the office…
Michael Nyinaku Christian Ekow Aidoo Susanna Phillips Yvonne Phillips Emmanuel Richard Ofori Kwabena Osei Bonsu

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