CEO of defunct Beige Bank slapped with fresh charges

The Founder of the defunct BEIGE Bank, Michael Nyinaku, has been slapped with new charges of theft, money laundering.

This comes after he was earlier accused of stealing over GH¢340 million at a circuit court.

The facts of the new case at the High Court,  indicated that when Beige Bank’s license was revoked in August 2018, a review of the records of the Bank revealed some suspicious transactions.

They were subsequently reported to authorities.

Investigations revealed that between 2015 and 2018, Mr. Nyinaku used various means to transfer huge sums of money to companies.

The funds transferred were depositors’ funds lodged with Beige Bank.

The trial is still ongoing at the High Court.


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