Mr. Amoabeng is alleged to have transferred the investment of some 15 companies totalling GH¢51,334,387.08 and $8,799,917 from UT Bank to UT Holdings, a company he owns without the knowledge and consent of the investors. Dr. Asiama, on the other hand, is accused of allegedly causing financial loss to the state by approving GH¢460 million liquidity support for UT Bank without following laid-down procedures. K. Addo Atuah, who is counsel for Mr. Amoabeng, told the court that his client had fully cooperated with the investigative bodies in the matter and he never did anything contrary to the police enquiry bail granted him. He told the court that Mr. Amoabeng was prepared to clear his name hence would make himself available for the trial. Mrs. Johnson was eventually granted GH¢20 million bail with two sureties.

Source: GhanaWeb February 13, 2020 09:56 UTC