Rapper Sarkodie has broken his silence, two weeks after his friend and boss of defunct UT Bank, Kofi Amoabeng, was arrested.
The co-founder of the defunct UT Bank, was arrested alongside the founder of the defunct BEIGE Bank, Michael Nyinaku, on January 13, 2020.
They were apprehended in connection with the collapse of their banks.
The defunct UT Bank boss was accused of stealing about GH¢51.33 million and $8.6 million belonging to the customers of his bank.
Kofi Amoabeng appeared before an Accra Circuit Court the same day he was arrested on charges of stealing and money laundering.
The prosecutor accused Amoabeng of using UT Bank to invite people to invest with the bank, but failed to credit the investors’ accounts and rather transferred the money to UT Holdings, the parent company of the defunct bank.
Sarkodie after several days took to Instagram to motivate the embattled business mogul.
He posted a photo with Kofi Amoabeng with the caption ‘CATO!!! You know the code but life is too short to always keep a straight face so sometimes we (smile)”.
The rapper also mentioned the boss of the defunct UT Bank in his post.
Kofi Amoabeng was one of the few people Sarkodie invited to his ‘Highest Feast’ held in 2018.