Solomon Asamoah, former Chief Executive Officer of the Ghana Infrastructure Investment Fund (GIIF) and first accused in the ongoing Sky Train case, remains in custody after failing to meet bail conditions set by the court a week ago.
Mr.
Asamoah is on trial alongside the fund's former Board Chair, Professor Christopher Ameyaw-Akumfi, for allegedly authorising the unlawful transfer of $2 million in public funds to Africa Investor Holdings - the company contracted to construct and operate the proposed Sky Train project.
According to prosecutors, the payment was made without proper authorisation, and no work was done to justify the disbursement.
