BANK COLLAPSE: Amoabeng, Nyinaku charged with stealing, money laundering

The founders of collapsed UT Bank and BEIGE Bank, Prince Kofi Amoabeng and Michael Nyinaku have been charged with stealing and money laundering.

The two have been accused of allegedly stealing more than Ghc390million and $8.6 million belonging to customers and the bank.

Amoabeng has been accused of stealing more than Ghc51.3 million and $8.6million, while Nyinaku has been accused of stealing more than Ghc340 million.

The two pleaded not guilty to the charges leveled against them when they appeared before the Accra Circuit Tuesday.