Mike Nyinaku

The High Court hearing the criminal case against former CEO and owner of Beige Bank, Mike Nyinaku, has been told by the First Prosecution Witness that Mike Nyinaku supervised the issuance of misleading investment certificates to unsuspecting customers who believed they were investing with the Bank. Unknown to the customers, Mike Nyinaku instructed monies the customers had placed with Beige Bank to be siphoned out to a sister company, Beige Capital Asset Management, which is also owned by Mike Nyinaku. The trial was, on Monday 20th March 2023, adjourned to Monday, 27th March 2023 for a continuation of the cross-examination…