Dr Kwabena Duffuor Dr Kwabena Duffour, Former Minister of Finance and Former Governor Bank of Ghana and eight others, on Wednesday appeared before an Accra High Court for their alleged involvement in the collapsed of Unibank limited.
Dr Kwabena Duffour, Hoda Holdings Limited, Johnson Pandit Asiama, Kwabena Duffour II, Below Nyarko Dadzie-Dennis, Elsie Dansoa Kyereh, Jeffery Amon, Benjamin Ofori, and Kwadwo Opoku Okoh were granted bail each in the sum of a GH¢60,000,000.00, with three sureties each, two of whom must be justified for each accused.
The sureties also to make their title deeds available to the Court’s Registry and deposit their passports as well within 48 hours.
The accused have been accused of misappropriating some GH¢5.7 billion leading to the fall of Unibank in 2017.
They are facing 68 charges including, fraudulent breach of trust, money laundering, dishonesty receiving and falsification of accounts, and conspiracy to commit crime.
Lawyers for the accused persons applying for bail for their clients, told the court, investigations into the case had been ongoing over the past few years and during these periods, their clients had cooperated with investigators.
According to the lawyers their clients were not flight risk neither would they interfere with further investigations.
The state was represented by Ms Gloria Akuffo, Minister of Justice and Attorney-General (A-G).
The court presided over by Justice Samuel Asiedu, a Justice of the Court of Appeal with additional responsibility as a High Court judge granted each of the accused bail and adjourned the matter to February 24.
The facts of the case as presented by Ms Akuffo were that Kwabena Duffour is a Shareholder of uniBank Ghana Limited and the ultimate beneficial owner of HODA holdings Company Limited, HODA is a holding company and the majority shareholder of uniBank, Johnson was the Deputy Governor of the Bank of Ghana between April 2016 and January 2018.
She said Kwabena former Chief Operating Officer (COO) of uniBank subsequently became the Chief Executive Officer of the bank between June 2017 And March 2018, Ekow was also the COO of the bank and a member of the board of directors of WAICA Reinsurance Corporation Plc (WAICA-Re) Sierra Leone.Elsie was an Executive Head of Corporate Banking at uniBank, while Jeffery was a Senior Relationship Manager of Corporate Banking at uniBank, Benjamin, the Executive Head of Credit Risk at uniBank, and Kwadwo was a Financial Control Manager of uniBank and Head of Finance of HODA.The prosecution said uniBank went into […]