Former CEO of the defunct Beige Bank, Michael Nyinaku, has been acquitted of all 43 criminal charges leveled against him - including stealing, money laundering, and fraudulent breach of trust - in a landmark ruling delivered by the Accra High Court.
This decision marks a dramatic turning point in one of the most watched financial cases following the 2018 banking sector clean-up.
The court ruled that Nyinaku had no case to answer, effectively ending a years-long legal battle that placed him at the center of alleged financial misconduct.
Beige Bank, one of several indigenous banks affected by the central bank's reforms, had its license revoked in August 2018 by the Bank of Ghana over what the regulator described as severe irregularities and non-compliance.
