The former Chief Executive Officer
(CEO) of Ghana Infrastructure Investment Fund, (GIIF), Solomon Asamoah, has been granted bail in the sum of GHc15 million after pleading not guilty to charges.
He denied three charges including conspiracy, causing financial loss and Intentional dissipation of public funds in his involvement in the Sky Train transactions.
In addition to the bail, the Court said he should provide two sureties both to be justified with landed property registered within the Greater Accra region.
The Court directed that the first accused is also to deposit his local and foreign passports with the registrar of the Court.
He is to report to the case investigator every Monday, Wednesday and Friday.
Former Board Chairman of the GIIF, Professor Ameyaw-Ekumfi had had his plea deferred as the Court was informed that he has been hospitalized.
The case has been adjourned to May 20, for the plea of Prof. Ameyaw-Ekumfi to be taken.
Deputy Attorney General, De Justice Srem Sai did not oppose to bail except to argue that the conditions should compel the accused to stand trial.
His lawyers had argued that he be retained on the bail granted him by the investigators upon his arrest.
More soon.
