The Economic and Organised Crime Office (EOCO) has taken over a mansion belonging to former UT Bank Boss Kofi Amoabeng located at Akyem Kukurantumi in the Abuakwa North Municipality of the Eastern Region.
A notice placed on the gate of the house has directed the public to keep off the property as it was being investigated by EOCO.
This comes after the collapse of the UT Bank a few years ago.
A plush mansion belonging to the former UT Boss, Kofi Amoabeng, has been taken over by the EOCO and being investigated.
The notice has been placed on the gate of the house warning the public to keep off because the building was under the care of the EOCO.
The mansion is said to be situated at Kukurantumi in the East Akim District of the Eastern Region, where Amoabeng reportedly hails from.
He reportedly built the house about 15 years ago when his bank was thriving as one of Ghana’s best-performing banks.
Meanwhile, Amoabeng, a former military officer, has been in the news for controversial reasons in recent times.
His bank collapsed in 2017 after it was declared insolvent by the central bank. It was then absorbed by the Ghana Commercial Bank together with all of its customers. The bank was described as one whose liabilities exceeded its assets. It reportedly owed about 11 billion cedis in unpaid loans.
The same was reported of Capital Bank owned by Pastor Mensah Otabil, but which also collapsed. The UT Bank reportedly plunged into its financial crisis when it gave out huge sums of loan to Ibrahim Mahama, a junior brother of former president Mahama, to start a business.
Amoabeng has constantly said he has not regretted giving that loan to Mahama.
Source: Mybrytfmonline.com
