Fraudulent Breach of Trust Archives -

Beige-Bank trial: Receiver did not engage financial department before collapsing bank

Mr David O. Sogbodjor, former Finance Manager of the defunct Beige Bank has told the High Court trying the former Chief Executive Officer (CEO) that the receiver during the collapse of the Bank did not engage the Institution’s financial team. He said although the finance team of the defunct bank, including the CFO worked briefly […]

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Beige Bank case: I provided to Receiver all information on financial position of bank – 1st Defence Witness

A Chartered Accountant who is testifying as the First Defence Witness for the founder of the defunct Beige Bank, Michael Nyinaku, has told the High Court in Accra that he has provided “all the information about the financial position of the bank” to the Receiver of Beige Bank. Dawda M. Hafisdeen, also a lawyer, told

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Beige-Bank trial: money was invested in bank’s rebranding, assets

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Mr Dawda M. Hafisdeen, former Chief Financial Officer (CFO) of the defunct Beige Bank, says the Universal bank invested in rebranding but its receiver failed to capture it in his report. The rebranding was necessitated when the Bank of Ghana (BoG) upgraded it from a Savings and Loans to a bank status, the first defence

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NAM1 CASE: State Prosecutors close case trial over GHc340m customers funds

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State Prosecutors have closed their case in the case in which Chief Executive Officer (CEO) of Menzgold Ghana Limited, Nana Appiah Mensah is standing trial for defrauding customers in the sum of over GHc340 million. This was after the lawyers of Nana Appiah Mensah also known as NAM1 concluded their cross-examination of ASP Charles Nyarko,

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Businessman jailed four years for appropriating late brother’s entitlement

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A Businessman, who assumed the role as family head and collected his late brother’s GHC206, 212.65 entitlement from the Ghana Police Service, has been sentenced to four years imprisonment by an Accra Circuit Court. Kwame Tengey is said to have told his late brother’s three children that he was going to assist them to collect

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NAM1 CASE: Court overrules Prosecution Witness’s objection of some exhibits in Court

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The High Court in Accra has overruled an objection raised by Lawyer for CEO of Defunct Menzgold, Nana Appiah Mensah, popularly known as NAM1, over the tendering of some exhibits by DSP Charles Nyarko, a prosecution witness. The said exhibits include documents from the Bank of Ghana and the Securities and Exchange Commission. The lawyer, Kwame

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Beige-Bank trial: accused to call 61 witnesses

Leave a Comment / Local News, News / Yaw Nkansah Abankroh

Michael Nyinaku, former Chief Executive (CEO) of the defunct Beige Bank, accused of stealing, fraudulent breach of trust and money laundering, is billed to call 61 witnesses. His counsel, Mr Thaddeus Sory, made the announcement at the Economic and Financial Court Two Division of the High Court trying his client. He told the Court presided over

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