Audio By Carbonatix
The founder of defunct Capital Bank, William Ato Essien, and three other persons have been charged by the state with 26 offences for their roles leading to the collapse of the bank in 2017.
Fitzgerald Odonkor, former CEO of the Bank; Dr Tetteh Nettey, owner of MC Management Services Ltd and Kate Quartey-Papafio, CEO of Reroy Cables Ltd, were cited in the charge sheet presented to the Accra High Court.
The charges include conspiracy to steal citing Mr Ato Essien and Tettey Nettey acting together between October and November 2015 in Accra to steal ¢100 million belonging to Capital Bank.
Fitzgerald Odonkor, former CEO of Capital Bank
There was also the charge of abetment which cited Mr Odonkor assisting Mr Ato Essien and Mr Nettey to dishonestly appropriate Capital Bank’s ¢100 million between the same timeline.
The four were also cited for laundering money between October and November in 2015 in Accra as they converted ¢100 million knowing it was proceeds of crime.
Below is the charge sheet
Fitzgerald Odonkor, former CEO of Capital Bank
There was also the charge of abetment which cited Mr Odonkor assisting Mr Ato Essien and Mr Nettey to dishonestly appropriate Capital Bank’s ¢100 million between the same timeline.
The four were also cited for laundering money between October and November in 2015 in Accra as they converted ¢100 million knowing it was proceeds of crime.
Below is the charge sheet
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Member of UK Armed Forces dies in road traffic incident in Ukraine
2 minutes -
Mahama to honour GAF Engineers Regiment with Order of the Companion of the Volta
5 minutes -
Agbodza demands quality, value for money in Accra-Kumasi Expressway construction
6 minutes -
Companies left China to dodge tariffs, now some are heading back
7 minutes -
Bali police investigate after Australian man and children found dead in home
7 minutes -
Government will not borrow to fund Accra-Kumasi Expressway – Ato Forson
15 minutes -
‘Judicial Service’s defence of Chief Justice was lacklustre’ – GBA President
17 minutes -
Etihad Airways sees strong demand, higher passenger capacity despite Iran war, CEO says
20 minutes -
AirBaltic files for Chapter 11 bankruptcy as Iran war costs bite
20 minutes -
COPEC calls for strategic fuel reserve to reduce dependence on tax cuts
25 minutes -
GAF hands over 175.6km right-of-way for Accra-Kumasi Expressway construction to gov’t
26 minutes -
GFA rejects claims Medeama, Nations FC exits expose GPL weakness
26 minutes -
$2bn secured to finance Accra-Kumasi Expressway, no borrowing involved – Mahama
30 minutes -
THE LAW 101: Overhauling Lawyer Discipline – Why the Practitioners Standards Board Bill is long overdue
30 minutes -
Swiss Sportswear brand On welcomes collegiate standout Doris Lemngole to professional roster
32 minutes