The management of Lushann International Energy Ghana Limited has accused the former Chief Executive Officer (CEO) of now-defunct UT Bank, Prince Kofi Amoabeng, of fraudulently colluding with two staff of the energy firm, to dupe them and the state of almost $103 million.
CEO of Lushann, Mr Quincy Sintim-Aboagye, said it is untrue that Lushann owes UT Bank $84.1 million as has been alleged.
Addressing the media at a press conference in Accra on Monday, 27 August 2018, Mr Sintim-Aboagye stated that Mr Amoabeng and two workers of Lushann messed up both UT Bank and the oil firm.
He disclosed that the company reported Mr Amoabeng to the security agencies but nothing has been done about it.
Mr Sintim-Aboagye said Mr Amoabeng “claims that Lushann was indebted to UT Bank to the tune of GHS84million, it’s not true, it was the other way round. It was UT Bank which colluded with two former employees of Lushann to rip off Lushan and the Ghana government.
“Kofi Amoabeng, the CEO of UT defrauded Lushann and the Ghana government to the tune of $102,118,204, approximately $103 million.
