Captain(Rtd.) Prince Kofi Amoabeng, founder of the defunct UT Bank, has revealed that his primary infraction during the bank’s collapse was transferring funds from UT Bank to UT Holdings.
In an interview with Bernard Avle on Channel One TV’s The Point of View on Monday, March 24, Rtd. Capt. Amoabeng stated that authorities at the time could not find substantial grounds to incarcerate him.
He claimed that some individuals within state institutions attempted to orchestrate his imprisonment, but the case is still pending in court.
“My crimes range from moving money from UT Bank to UT Holdings and all sorts of things. They thought they had some substantive things to jail me but as the case dragged on.
“They realised that it was difficult to jail this guy. We are still in court. Yours truly, I go to court often, but I take it as an excursion to Ghana and come back and take my whiskey.
“They tried to use the institution of the state, that is what they do. The state will not jail me but the people who control the institutions of the state are engineering things so that I could be jailed. That was before they lost the 2024 general elections. Some people in NPP for some reason hated my guts and everything.”
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