The founder of UT Group, Prince Kofi Amoabeng has been put before an Accra circuit court for his role in the collapse of his bank in 2017.
Mr. Amoabeng is facing charges of stealing and money laundering.
Citi News‘ court correspondent, Fred Tettey Djabanor said Kofi Amoabeng was put before court together with the CEO of defunct Beige Bank, Mike Nyinaku.
According to the prosecution, the two men who run different organizations allegedly misappropriated funds in excess of GH¢200 million belonging to their customers.
The prosecution said investigations were still ongoing into their separate cases to ascertain the full extent of their offences.
The Court, presided over by Justice Essandor, subsequently granted Mr. Amoabeng bail to the tune of GHS110 million cedis with two sureties who earn not less than two thousand cedis.
More soon…
The post Defunct UT Bank’s Kofi Amoabeng charged with stealing, money laundering appeared first on Citinewsroom - Comprehensive News in Ghana, Current Affairs, Business News , Headlines, Ghana Sports, Entertainment, Politics, Articles, Opinions, Viral Content.
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