Charles Okyere, the attorney representing the beleaguered former Managing Director of the Bulk Oil Storage and Transportation Company Limited (BOST), Edwin Provencal, has revealed that the bail conditions for his client have been lowered from GHC60 million to GHC30 million.
He clarified that the arrest of his client is connected to accusations of causing financial loss, although he emphasized that there is no evidence indicating any misconduct on Provencal’s part.
Okyere made this statement following the successful negotiation of the revised bail conditions, which now require two sureties and mandate Provencal to surrender his passport to the court registry.
“EOCO is allegedly investigating him for causing financial loss. This is a highly intricate issue. The alleged financial loss has not even taken place. Currently, there is no loss. Therefore, it is inappropriate to investigate or charge someone for an offense that has not been committed,” he stated.
Provencal was detained at Kotoka International Airport (KIA) on Monday, November 10, while he was attempting to board a flight to Maputo, Mozambique, without the necessary authorization.
