An Accra Circuit Court has dropped all charges against Prince Kofi Amoabeng, the former Managing Director of defunct UT Bank.
Police Prosecutor, ASP Emmanuel Nyamekye, on Wednesday, 5th February 2020, told the Circuit Court Judge, Emmanuel Essandoh, that the State intends to file a fresh case against Mr Amoabeng at the High Court.
To this end, the trial of the accused person at the Circuit Court will no longer be necessary.
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Judge Emmanuel Essandoh, therefore, obliged and discharged the accused person forthwith.
Mr Amoabeng was charged with stealing and money laundering.
He pleaded not guilty.
The businessman was arrested together with Mr Michael Nyinaku and charged for mismanaging their banks which led to their collapse.