The Prosecution handling the case of Prince Kofi Amoabeng and Michael Nyinaku has asked the Accra Circuit Court to give it two weeks to file the necessary documents it will rely on for the trial.
Amoabeng, the founder of the defunct UT Bank, is standing trial for allegedly stealing about GH¢100 million, while Nyinaku, the founder of the defunct BEIGE Bank, is accused of stealing more than GH¢340 million belonging to customers of their respective banks.
The prosecutor, Assistant Superintendent of Police (ASP) Emmanuel Nyamekye, informed the court yesterday that the prosecution was working towards acquiring all the necessary disclosures as required by law.
Following a decision by the Supreme Court in July 2018 and a subsequent practice direction by the Chief Justice, disclosures are a must in all criminal trials.
The court, presided over by Justice Emmanuel Essandoh, a justice of the High Court with additional responsibility as a Circuit Court judge, directed the prosecution to file the documents and serve the accused persons accordingly.
Hearing continues on February 5, 2020.
Amoabeng and Nyinaku have pleaded not guilty to stealing, contrary to Section 124 (1) of the Criminal Offences Act, 1960 (Act 29), and money laundering, contrary to Section 1(1) of the Anti-Money Laundering Act, 2008 (Act 749).
Amoabeng is on bail in the sum of GH¢110 million, with two sureties, while Nyinaku is on bail in the sum of GH¢340 million with two sureties.