- Fmr CEO of GIIF released after satisfying GHc15M bail bondThe former Chief Executive Officer (CEO) of Ghana Infrastructure Investment Fund (GIIF), Solomon Asamoah, has been released on bail after satisfying all the conditions.
Mr. Asamoah, who was granted bail in the sum of GHc15 million after pleading not guilty to charges on May 13, had remained in lawful custody for 22 days until Wednesday, June 4, when he met the conditions.
In addition to the bail sum, the Court said he should provide two sureties. The sureties are to justify the bail bond with a registered land or property located in the Greater Accra region.
The sureties are to also deposit copies of their Ghana Cards and digital addresses at the registry of the court.
The Court directed that the first accused is also to deposit his local and foreign passports with the registry of the Court.
Whilst on bail, he is to report to the police every Monday, Wednesday, and Friday till the final determination of the case.
According to EIB Network Legal Affairs Correspondent, Murtala Inusah, Mr Asamoah expressed joy moments when he was released to go home.
He denied three charges, including conspiracy, causing financial loss, and intentional dissipation of public funds in his involvement in the Sky Train transactions.
He was charged together with the former Board Chairman of the GIIF, Prof. Christopher Ameyaw-Ekumfi.
Prof. Ameyaw-Ekumfi had earlier satisfied his bail conditions of GHc10 million, with Kennedy Ohene Agyapong as one of his two sureties.
The Deputy Attorney General, Justice Srem Sai, did not oppose bail, except to argue that the conditions should compel the accused persons to stand trial.
The case would be recalled on June 10, 2025 for Case Management Conference before Justice Comfort Tasiame, the presiding judge
Source :www.kumasimail.com
