Audio By Carbonatix
A special investigative team has been set up to look into how funds were disbursed to parties involved in the collapse of the defunct Capital Bank, Attorney-General, Gloria Akuffo, has revealed.
She explained that the special team has become necessary because the case of the collapsed bank is a public interest matter that must be prosecuted expeditiously.
According to her, monies were given for a specific purpose – which is to revive the bank – but the monies were allegedly used for a different purpose.
She stated that the funds were not given to any individual but were to serve as liquidity support and should have been treated as such.
Four persons, Founder of defunct Capital Bank William Ato Essien, the Managing Director of the bank, Fitzgerald Odonkor, Tettey Nettey, the Managing Director of MC Management Services, Essien and Kate Quartey-Papafio, a businesswoman and Managing Director of Reroy Cables Company Limited, have been charged with theft.
They appeared in court on Monday where they pleaded not guilty to charges of stealing and money laundering.
They have been granted bail to reappear at a different date.
Listen to her in this video.
Latest Stories
-
This Saturday on Newsfile: Petitions against the OSP, EC heads, and 2025 WASSCE results
5 seconds -
Limit mobile phone use in schools to improve student performance — Educationist on 2025 WASSCE results
17 minutes -
Ambassador urges U.S. investors to prioritise land verification as Ghana courts more investment
32 minutes -
Europe faces an expanding corruption crisis
45 minutes -
Ghana’s Dr Bernard Appiah appointed to WHO Technical Advisory Group on alcohol and drug epidemiology
58 minutes -
2026 World Cup: Ghana drawn against England, Croatia and Panama in Group L
1 hour -
3 dead, 6 injured in Kpando–Aziave road crash
1 hour -
Government to deploy 60,000 surveillance cameras nationwide to tackle cybercrime
2 hours -
Ghana DJ Awards begins 365-day countdown to 2026 event
2 hours -
Making Private University Charters Optional in Ghana: Implications and Opportunities
2 hours -
Mampong tragedy: Students among 30 injured as curve crash kills three
2 hours -
Ken Agyapong salutes farmers, promises modernisation agenda for agriculture
2 hours -
Team Ghana wins overall best project award at CALA Advanced Leadership Programme graduation
2 hours -
FIFA gives President Donald Trump a peace prize at 2026 World Cup draw
2 hours -
2025 National Best Farmer urges government to prioritise irrigation infrastructure
2 hours
