Court issues warrant for arrest of UT boss

On two occasions, Capt Amoabeng’s lead lawyer, Mr Addo Atuah, had informed the court that his client was outside the jurisdiction.

The accused persons are said to have defrauded one Nana Otua Owusua I, also known as Naa Otuah Sawyne, a novelist, by allegedly releasing the land title document on her house at the Ringway Estates, Osu in Accra, which was in the custody of UT Bank, to one Alexander Adjei (now deceased) to use as mortgage in securing a loan of GH¢1,279,000 from HFC Bank.

According to the  prosecutor, DSP Aidan Dery, in October 2005 the complainant decided to sell her house and subsequently entered into a sale and purchase agreement with  Adjei, the supposed buyer.

He said the complainant agreed to sell the said house for US$280,000 and Adjei was supposed to pay the money in three instalments.

Adjei had, on October 14, 2005, made a payment of US$100,000 but could not pay the remaining amount and Madam Sawyne, who  was to travel to the United Kingdom (UK), proceeded to UT Bank where she borrowed GH¢25,000, using the title on the house as collateral.

 Madam Sawyne prepared and signed a deed of assignment, with the condition that the final transaction would be witnessed by Mr Martin Nwosu, her lawyer, and the document handed over to the buyer after full payment of the purchase price.

However, on September 27, 2007, Mr Aidoo, without recourse to Madam Sawyne, wrote a letter to SHC informing it that he had purchased the property and  requested the company to consent to it by assigning the property to him.

The prosecutor said Capt Amoabeng fraudulently released the title document on the house to Adjei to secure a loan at HFC Bank, despite knowing that the house in question was still in the name of Madam Sawyne, since the purchase price had not been paid in full.