An Accra High Court has granted the Chief Executive Officer of defunct UT Bank, Prince Kofi Amoabeng bail to the tune of GHC110 million with two sureties, ABC News can report.
Prince Kofi Amoabeng was arrested on Tuesday, over his alleged involvement in the collapse of UT Bank.
He has been accused of two charges of stealing and money laundering. He pleaded not guilty to both charges.
According to the prosecution, Mr Amoabeng appropriated a total of GHC105m between 2009 and 2017, an allegation he denied.
In pleading for bail for his client, Counsel for the accused argued that having subjected himself for similar investigations for about three years, Kofi Amoabeng would not escape the process.
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