Owners of defunct banks Unibank and UT bank, Dr. Kwabena Duffour and Prince Kofi Amoabeng respectively have been granted GHC60 million bail each by an Accra High Court.
This follows counsel for the accused who prayed that the court grant their clients the bail on the basis that they are law-abiding citizens and will not at any point in time leave the country.
The state prosecutors, led by Attorney General, Sophia Akufo, responded to the plea stating that the state will not oppose the bail requested by the accused persons.
The accused persons were charged with fraudulence, misleading the court, dishonesty, misappropriation of funds, causing financial laws to the state and breach of trust.
Dr Kwabena Duffuor was charged with 68 counts with seven others while Prince Kofi Amoabeng together with five others were charged with 43 counts.
Dr Duffuor and Mr Amoabeng pleaded not guilty to the charges levelled against them in separate hearings.
In addition to the bail, the embattled CEOs were asked to present three sureties and two to be justified.
Bail for the other accused persons
The seven others charged with Dr Duffuor were each granted a bail of GHC60 million, three sureties with two to be justified.
They are Kwabena Duffour Jnr, Ekow Nyarko Dadzie-Dennis, Elsie Dansoa Kyereh, Jeffery Amon, Benjamin Ofori, Kwadwo Opoku Okoh.
The five others accused with Prince Kofi Amoabeng were Johns Pandit Asiama, Raymond Amanfo, UT Holding Limited, Catherine Johnson, and Robert Kwasi.
With the exception of Accused persons 1 and 5, the rest were also granted GHC60 million, three sureties with two to be justified.
A1 known as Johns Pandit Asiama was granted a bail recognisance while A5 in the person of Catherine Johnson was given GHC20 million with two sureties.
The case has been adjourned to March 26.
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