How could I steal from UT Bank after building it? – Kofi Amoabeng questions accusations

Former UT Bank founder and CEO, Captain Prince Kofi Amoabeng, has refuted claims of misappropriating funds from the bank, labelling the allegations as unfounded and illogical.

Speaking on Joy News’ PM Express Business Edition on Thursday, 16 January, he stated that the accusations contradict the principles he upheld during his leadership of the bank.

“It started with investigations at EOCO, which took a year plus, probably two years,” Kofi Amoabeng recounted.

He revealed that the charges, which he believes are unjust, stem from money allegedly moved from UT Bank to UT Holdings while he was CEO. However, Amoabeng argued that such transactions would have had proper timelines and accountability mechanisms if they had occurred.

He emphasised the absence of evidence linking him directly to the alleged misappropriation, noting that no witnesses have presented evidence implicating him.

“When witnesses were brought, no one had seen any signature of mine instructing the movement of these investments. Nobody has seen me physically carrying money anywhere. So how could I have moved investors’ funds?” Amoabeng questioned.

Reflecting on the six-year legal battle, he expressed frustration at the drawn-out process but remained optimistic about a fair resolution.

“I think it’s deliberate,” he said.

Amoabeng dismissed the idea that he could have harmed the institution he dedicated years to building. He likened the situation to a cultural analogy, stating:

“It’s only in Africa that you might nurture and educate a child, and when that child dies, people will say the mother killed him. How could I, after toiling to build UT to this level, steal from it? It doesn’t make sense.”

He also attributed part of the public’s acceptance of such allegations to societal negativity and a preference for bad stories.

Despite the challenges, Amoabeng remains committed to clearing his name and defending the reputation of UT Bank.

“I have faith in the system, and I believe the truth will prevail,” he concluded.

The post How could I steal from UT Bank after building it? – Kofi Amoabeng questions accusations appeared first on MyNewsGh.