Knight in shining armor Kofi Amoabeng Founder associated with UT Holdings and Leader Officer(CEO) of the defunct LACE Bank has said that he great outfit did not squander anything. However , he indicated there were defaults in transaction of loans and therefore LACE Bank had a lot of non-performing loans. He believes how the government’s move to investigate your pet by sending him in order to court is a step in the proper direction because as a chief if your institution goes down, you have the need for questioning. ”Nothing frightens me”, he told web host Kwami Sefa Kayi, detailing ”it’s not as if we thrown away the money but there were fails in payment and therefore there were a lot of non-performing loans. Yet it’s up to the government as well as the institution to decide what to do. This individual continued “and one thing I usually say is that even though We go to court and I am being investigated, it’s the ideal thing because if you mind an institution and the organization goes down and the taxpayers are usually picking up the bill, the federal government must actually investigate to find out if you squandered the money wilfully or it was a genuine company you did. So , the federal government must investigate”. Kofi Amoabeng however , indicated that their only worry has been the particular slow pace at which the particular court process is going yet he believes that every thing will come to an end ultimately. ”I agree with that totally. Only that the court procedure is a bit slow but you need to endure it. So , ultimately, whether I’m guilty delete word will come out. ”Source: MyNewsGh. com/ 2021
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