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General News of Monday, 27 August 2018


Lushann Energy CEO accuses UT’s Kofi Amoabeng of money laundering

Founder of defunct UT bank, Prince Kofi Amoabeng play videoFounder of defunct UT bank, Prince Kofi Amoabeng

The Chief Executive Officer of Lushann International Energy limited has accused the founder of the defunct bank, UT, Prince Kofi Amoabeng of money laundering as he parries claims his firm contributed to the collapse of the indigenous bank.

Lushann Energy, owners of saltpond offshore oil company, has been in the news over claims they owed UT to the tune Of 84 million dollars leading to the fall of the bank.

Reacting to the claim, made by the former UT boss, Sintim Aboagye said Mr. Amoabeng rather colluded with staff of his company to defraud him of millions of dollars.

Addressing a news conference in Accra Monday, Mr. Aboagye claimed UT bank opened several accounts in the name of his company without their consent and then transferred the monies into offshore accounts.

“The claim that Lushann was indebted to UT bank to the tune of GHc84 million is not true. It was the other way round. It was UT bank which colluded with two former employees of Lushann to rip off Lushann and the Ghana government. Kofi Amoabeng the Chief Executive Officer of UT bank defrauded Lushann and Ghana government to the tune of $102, 418, 204, approximately $102million. When he colluded with Kennedy Oham, a former project manager of Solpol producing company limited, Amoabeng falsely misrepresented Oham Company, Eclipser Energy, as a local subsidiary of Lushann and issued bank guarantee to enable the company defraud Ghana.

“Amoabeng through an arrangement with Osencial Energy limited engaged in money laundering involving GHC61million using the name of Lushann. UT bank colluded in a theft of two shipment of crude oil worth about $2million belonging to the government of Ghana,” Mr. Aboagye alleged.

Mr. Amoabeng is yet to comment on the allegations.

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