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[QUOTE="Munyaradzi Mafaro, post: 39432, member: 636"]
A judge granted Professor Christopher Ameyaw-Akumfi bail for 10 million cedis with two people backing him. The former Ghana Infrastructure Investment Fund chairman must find supporters who have land property around Accra. Courts ordered him to leave his passport and travel papers with officials. As part of his release terms, he must visit police investigators every seven days. The case returns to court on June 10 at nine in the morning.

On Monday, May 26, Ameyaw-Akumfi said he was innocent of all criminal charges against him. He missed two earlier court dates because doctors said he had medical problems. Prosecutors accuse him of causing financial damage to the state and wasting public money. They also charge him with conspiracy to commit crimes with other people. Solomon Asamoah faces the same charges as the former investment fund chief executive officer.

Both men face trial for moving 2 million dollars from government accounts to Africa Investor Holdings. Officials say they transferred the money without permission for a Sky Train construction project. Prosecutors claim the accused leaders broke legal rules during their time running the investment fund. The unauthorized transaction costs taxpayers significant amounts of money, according to state lawyers. The defendants deny doing anything wrong and plan to fight all accusations during their trial.
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