The Chief Executive Officer (CEO) of defunct Beige Bank, Mike Nyinaku has been remanded in police custody.
He is to reappear before the court in one week time for trial to continue
This follows the dismissal by his lawyers of a bail application which they assured the court that he would comply with the ongoing trial as reported by our courtroom corespondent.
Although the application was not opposed by the prosecution, the judge said his decision was because the prosecution said investigations were still ongoing.
Stay with us for more news as new developments unfold.