Charles Okyere, lawyer for embattled former Managing Director of the Bulk Oil Storage and Transportation Company Limited (BOST), Edwin Provencal, has disclosed that the bail terms for his client have been reduced from GHC60 million to GHC30 million.
He explained that his client’s arrest relates to allegations of causing financial loss, though he stressed there is no evidence of wrongdoing on Provencal’s part.
Okyere made the announcement after securing the varied bail terms, which now include two sureties and an order for Provencal to deposit his passport at the court registry.
“EOCO is purportedly investigating him for causing financial loss. It’s a very detailed matter. The supposed financial loss itself has not even occurred. There’s no loss at the moment. So, you cannot be investigating somebody or charging somebody for a crime that has not been committed,” he said.
Provencal was apprehended at Kotoka International Airport (KIA) on Monday, November 10, while attempting to board a flight to Maputo, Mozambique, without obtaining the required authorisation.
Source: CNR
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