Prince Kofi Amoabeng and Michael Nyinaku charged with stealing

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The founders of two collapsed banks, Prince Kofi Amoabeng and Michael Nyinaku have been charged with stealing and money laundering.

Prince Kofi Amoabeng, the founder of the defunct UT Bank and Michael Nyinaku, the founder of the defunct BEIGE bank have been accused of allegedly stealing more than Ghc390million and $8.6 million belonging to customers of the bank, reports Graphic Online’s Emmanuel Ebo Hawkson.

Amoabeng has been accused of stealing more than Ghc51.3 million and $8.6million, while Nyinaku has been accused of stealing more than Ghc340million.

The two pleaded not guilty to the charges leveled against them when they appeared before the Accra Circuit Tuesday, reports Graphic Onlines Ebo Hawksom.

-Graphic

ABOUT: Nana Kwesi Coomson

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An Entrepreneur, Corporate Communications Executive and Philanthropist. Editor-in-Chief of www.233times.com. A Senior Journalist with Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. He holds first degree in Bachelor of Arts from the University of Ghana; Political Science (major) and History (minor). In 2015, he won a £35,000 postgraduate scholarship to study MSc Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) at the Robert Gordon University in the United Kingdom. He is a 2018 Mandela Washington Fellow who studied at Clark Atlanta University in USA on the Business and Entrepreneurship track. His mentors are Rupert Murdoch, Warren Buffet, Sam Jonah, Kwaku Sakyi Addo and Piers Morgan

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