The state has dragged a former deputy governor of the Bank of Ghana, Dr. Johnson Asiama and a former Head of Banking Supervision, Raymond Amanfu alongside the founder of UT Bank, Kofi Amoabeng to court over their actions surrounding the collapse of UT Bank.
The other persons joined to the suit include Catherine Johnson, a former Head of Treasury who had also acted as the Head of Corporate Banking of UT and Robert Kwesi Armah, a former General Manager of Corporate Banking of UT.
UT Holdings Limited, a holding company that held shares in UT Bank Ghana Limited (UT), has also been charged.
The six accused have together been slapped with 42 counts of charges including fabrication of evidence, the deceit of a public officer, abetment of crime, namely, Fraudulent Breach of Trust, causing financial loss to the state among other charges.
The fresh suit slapped on Kofi Amoabeng comes after the state discontinued an earlier trial commenced at a Circuit Court against the founder and former CEO of the defunct bank.
In the new suit, the former BoG Officials have been accused of granting an unsecured liquidity support facility to the tune of GH₵460 million without following prescribed mandatory statutory conditions.
The suit filed at the High Court said investigations conducted in the course of the receivership of UT Bank revealed that investments totaling GH₵51,334,387.08 and $8,799,917 placed with UT Bank by 3 some 15 companies, had been transferred to UT Holdings, by UT Bank without the knowledge and or consent of the companies although it was established that UT Holdings did not have a licence to take deposits and investments.