The Accra High Court presiding over the trial of Mr. Michael Nyinaku, the former Chief Executive Officer (CEO) of the now-defunct Beige-Bank, has instructed both the prosecution and defense lawyers to submit their arguments by November 10, 2023.
This development comes following the prosecution’s declaration that it has concluded its case against the accused.
The Court, under the leadership of Justice Mrs. Afia Serwaa Asare-Botwe, a Court of Appeal Judge with additional High Court responsibilities, is scheduled to deliver its ruling on November 30, 2023.
This ruling will determine whether Mr. Nyinaku must provide a response to the charges brought against him.
Mrs. Evelyn Keelson, the Chief State Attorney, explained to the Court that with the prosecution having completed its case, it is now incumbent upon the accused, Mr. Nyinaku, to present his side of the story. However, this can only occur once the respective lawyers have submitted their arguments.
Based on these submissions, the Court will decide whether Mr. Nyinaku must address all the charges or not.
Mr. Nyinaku faces charges that include fraudulent breach of trust and money laundering, all of which he has pleaded not guilty to.