After 70 days in police custody Ermias T.Amelga founder and former CEO of Access Real Estate S.C., has been granted release from police custody today, against a half a million Birr bond.The Federal Instance Court allowed suspect to leave for home but not allowed from overseas travels.
Federal investigators claimed a 1.4 billion Br case warrants more bond value than half a million birr grant, that the business mogul presents a flight risk, and letting him out would enable him to tamper with evidence and win witnesses over. However, the Judge who oversaw the proceedings at Addis Abeba’s Federal First Instance Court in Arada District ruled that these claims have not been substantiated in the third month of the investigation. Investigators have also pleaded that Ermias stays under custody, at least until the ongoing audit investigation is completed.
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