The immediate past Managing Director of Bulk Energies — formerly the Bulk Oil Storage and Transportation (BOST) Company Limited — Dr. Alfred Edwin Provencal, was released from the custody of the Economic and Organised Crime Office (EOCO) on Tuesday after meeting his GH¢30 million bail condition.
The anti-corruption agency had arrested him at the Kotoka International Airport (KIA) on Monday, November 10, while he was attempting to board a flight to Maputo, Mozambique.
He was reportedly placed on a stop list as part of ongoing investigations into an alleged case of causing financial loss to the state during his tenure at BOST Energies.
Sources close to him indicated that he had been accused of causing financial loss to the state for allegedly failing to expedite the clearance of petroleum products imported by BOST Energies, which remained at the port and attracted demurrage charges.
Speaking to journalists after his release, his legal counsel, Charles Okyere, expressed gratitude to all who had shown solidarity throughout the period.
“Finally, he has met the bail condition, so he has been allowed to go home. He is really thankful for the support,” he said.
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