The state has officially dropped all charges against Dr. Johnson Pandit Asiama, a former Deputy Governor of the Bank of Ghana.
Dr. Asiama was one of nine individuals indicted in relation to the failures of UniBank and UT Bank. The charges against the accused included fraudulent breach of trust, money laundering, conspiracy to commit a crime, and violations of the Bank of Ghana Act.
These accusations arose from the central bank’s initiative to clean up the financial sector, which resulted in the revocation of licenses for several financial institutions, including the aforementioned banks.
Among those charged were Prince Kofi Amoabeng, the founder and former CEO of UT Bank, as well as Catherine Johnson, UT Holdings Ltd., Raymond Amanfu, and Robert Kwesi Armah.
The charges were predicated on alleged financial misconduct and regulatory violations that were believed to have played a role in the banks’ insolvency.
However, Amoabeng has consistently maintained his innocence, asserting that the collapse of UT Bank was due to systemic issues within the banking sector rather than any intentional mismanagement.
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In the case of UniBank, former Finance Minister Dr. Kwabena Duffuor, his son Dr. Kwabena Duffuor II—who was the CEO of UniBank prior to its collapse—and other senior executives were also charged with money laundering, fraudulent breach of trust, and conspiracy to commit a crime.