Prof. Christopher Ameyaw-Akumfi, the former board chairman of the Ghana Infrastructure Investment Fund (GIIF), has been granted GH¢10 million bail with two sureties, which must be supported by landed property in Greater Accra. Recipes for Ghanaian cuisine His passport and all other travel documentation must be deposited with the court as part of the bail requirements, and he must see the investigator once a week. The case has been postponed till 9:00 a.m. on June 10. Prior to this, Prof. Ameyaw-Akumfi entered a not guilty plea to allegations of conspiracy to conduct crime, deliberate dissipation of public funds, and willfully causing financial loss to the state.
After missing two prior court dates due to alleged medical emergencies, he entered his plea on Monday, May 26. Solomon Asamoah, a former CEO of the GIIF, and Prof. Ameyaw-Akumfi are on trial in relation to the contentious transfer of $2 million in public monies into an Africa Investor Holdings private account. The prosecution claims that the money was moved for the purported development of a Sky Train project without the required authorization or due diligence. The state argues that the transaction, which was carried out while the defendants were employed, broke both legal and administrative procedures and cost the state a substantial amount of money. As the trial goes on, both men are anticipated to present a complete defense and deny any wrongdoing.



Source: CitiNewsRoom