Amoabeng, 5 others slapped with 42 new charges

The founder and former Managing Director of now-defunct UT Bank, Prince Kofi Amoabeng, together with five other persons have been slapped with 42 new charges by the state.

This comes after an Accra Circuit Court today, Wednesday, 5 February 2020 dropped all charges against him.

The five others are; Johnson Pandit Asiama (2nd Deputy Governor of the Bank of Ghana (BOG) between May 2016 and December 2017), Raymond Amanfu (Head of Banking Supervision Department (BSD) at BOG from 2014 to October 2017), UT Holdings Ltd. (company which held shares in UT Bank Ghana Limited (UT).), Catherine Johnson (Head of Treasury who had also acted as the Head of Corporate Banking of UT.) and Robert Kwesi Armah (General Manager of Corporate Banking of UT).

Police Prosecutor, ASP Emmanuel Nyamekye had earlier told the Circuit Court Judge, Emmanuel Essandoh that the state intends to file a fresh case against Mr Amoabeng at the High Court.

To this end, he said the trial of Mr Amoabeng at the Circuit Court was no longer necessary.

The businessman was arrested together with Mr Michael Nyinaku and charged for mismanaging their banks which led to their collapse.

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