Audio By Carbonatix
The former CEO of defunct Beige Bank, Michael Henaku, is set to appear before the Financial and Economic Crime Division of the High Court in Accra today, November 8.
He has been charged with 44 counts of money laundering, fraudulent breach of trust and stealing depositors’ money.
The suit, signed by Yvonne Atakora Obuobisa, Director of Public Prosecution, said the alleged malfeasance was discovered after the Bank of Ghana (BoG) had revoked the banking license of Henaku and placed the Bank in receivership.
The Bank’s license was revoked by BoG on August 1, 2018.
The suit said a review of the financial and other records of the Bank conducted by the Receiver identified a number of suspicious and unusual transactions.
The unusual transactions were subsequently reported to law enforcement agencies for investigations and same revealed that between 2015 and 2018, Henaku, who was then the CEO of Beige Bank had allegedly used various means to transfer huge sums of money to companies related to him and for his personal benefit.
It said the funds transferred were depositors' funds lodged with the Bank.
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