The Chief Executive Officer of gold dealership company Menzgold Ghana Limited, Nana Appiah Mensah, has been released from police custody after meeting bail requirements.
This comes on the back of the variation of his bail conditions by the circuit court on Tuesday.
This was after the Accra Circuit Court removed the condition that the sureties must show evidence of owning properties worth GH¢1 billion.
Nana Appiah Mensah was granted bail on Friday, July 26 but had been in police custody due to his inability to meet the conditions including five sureties with three to be justified.
Prior to his release, his lawyers claimed the bail conditions were unfair and pleaded with the court for a review.
His lawyer Kwame Akuffo prayed the court to reduce the bail bond to GH¢5 million.
The prosecution did not oppose the plea for the variation of the bail but disagreed with the defence giving a figure of his own.
The court, however, in its ruling maintained the bail at the initial cost of but varied the surety conditions.
Judge Harriet Naa Akweley Quaye ruled that NAM 1, as he is popularly known, should provide five sureties but none of them needs to be justified.
The case has since been adjourned to September 3, 2019.
Source: 3news.com|Ghana