An Accra High Court has adjourned the case involving Founder of the defunct Capital Bank, William Ato Essien to October 15, who is on trial with three others for allegedly collapsing the bank.
At the last hearing on Thursday the prosecution presented its first witness, the Director of Price Water House Coopers, Vish Ashiagbor, who presented his signed witness statement.
Afterwards the counsel for the first accused persons, Thaddeus Sorey begun cross examination.
The court also ordered for the release of passports of Ato Essien, Kate Quartey Papafio and Tetteh Nettey to enable them to register for their voter identification cards but were to return same later to the court, when completed.
Ato Essien is facing 26 counts of conspiracy, stealing and money laundering, while the rest are variously being held for abetment of crime. They have denied the charges.
Ato Essien is a Majority Shareholder of Capital Bank Limited, Tetteh Nettey, Managing Director of MC Management Services, a company established by Essien, and Fitzgerald Odonkor, a former Managing Director of Capital Bank.
They were admitted to bail in the sum of GH¢200 million each while Kate Quartey Papafio, a businesswoman and Chief Executive Officer of Reroy Cables Company Limited, was admitted to bail in the sum of GH¢75 million.
The four accused persons are to provide four sureties each who are of good character and of substance.
Latest Stories
-
Medical Laboratory Professionals threaten to strike over conditions of service
3 hours -
Residents of Anloga, Keta express frustration over ECG billing
3 hours -
I don’t believe in praying in tongues – Strongman
3 hours -
‘After The floods’: VRA and GMet clash over cause of Akosombo Dam spillage disaster
4 hours -
‘After The Floods’: Victims suffer harsh conditions 6 months after Akosombo dam disaster
4 hours -
Akufo-Addo to unveil Otumfuo commemorative stamp
4 hours -
EduSpots distributes over 100 tablets and laptops to 30 community-led education spaces
5 hours -
Taxation is driving away investors – FABAG General Secretary
5 hours -
Effutu MP commissions office for Hepatitis B; absorbs cost of testing, vaccination and management
5 hours -
Bawumia pushes for land digitisation to tackle land guard menace
5 hours -
Faith-based institutions are instrumental in national development – Bawumia
5 hours -
Upholding the Integrity of Presidential Promises: A call to Ghanaian leaders
6 hours -
I don’t start ‘beefs’; I only reply – Strongman refutes claims
6 hours -
Vice President Bawumia promises reforms to turn Ghana’s fortunes around
6 hours -
REGSEC warns encroachers along Tema-Sakumono Ramsar site as it races to prevent flooding
6 hours