Infographic: Loans granted to related parties by UT Holdings

Infographic: Loans granted to related parties by UT Holdings
Source: Ghana | Myjoyonline.com
Date: 10-08-2018 Time: 07:08:12:pm

Revelations by the Central Bank indicate what auditors term “willful deceit” on the part of shareholders and directors of defunct UT and Capital Banks. 

A 2014 Bank of Ghana (BoG) Examination and Inspection Report by Boulders and Advisors Limited also found that there was a significant amount of inter-group lending within the two banks.

This was after a review of two forms of related party transactions; first was loans granted to individuals and companies related to the bank and loans granted to companies connected to one another by ownership and directorship but unrelated to the bank group.

So which companies did UT give loans to? The infographic below gives details.

Infographic Loans UT granted to related parties

Share this story




Leave a comment


What others are reading
Franklin Cudjoe confirms Kelni settlement; denies taking money
Akufo-Addo reveals his legacy to Ghana Army
Ghana Connect: Normalising the abnormal with Ghana Man Time
Mystery tilapia death: Fisheries Minister shuts Fujian farm; dead tilapia buried