General News of Thursday, 13 February 2020Source: GNAI'm not guilty - Kofi Amoabeng pleadsPrince Kofi Amoabeng, Chief Executive Officer of defunct UT BankPrince Kofi Amoabeng, Chief Executive Officer of defunct UT Bank Ghana and five others whose alleged roles led to the collapse of the bank have appeared before an Accra High Court (Commercial Division). They have pleaded not guilty to the charges and were granted bail with various terms of condition. Amoabeng and Armah were admitted to bail in the sum of GH¢60 million with two sureties, each of the sureties is to be justified. The Ag said as security for the facility, Lushann assigned the stock to UT bank in furtherance to the supply of the crude oil to Petraco. Prosecution said UT Bank applied to join the suit as an interested party to contest Melville’s claim to the cargo under a Stock Assignment Agreement.

Source: GhanaWeb February 12, 2020 19:41 UTC