An Accra High Court would on December 1, 2022 give judgement in the criminal trial of founder and former Chief Executive Officer of defunct Capital Bank, William Ato Essien, and two other persons.
The three have been undergoing trial for the roles they played in the collapse of erstwhile, Capital Bank.
Their trial came to a close on July 28, 2022, and the court presided over by Justice Eric Kyei Baffour, a Court of Appeal judge sitting as an additional High Court judge, gave the prosecution as well as the defence lawyers up to October 17, 2022, to file their respective written addresses in support of their case.
The court subsequently adjourned the case to November 17, 2022, to deliver its judgment in the case in which the suspect have been accused of stealing from the ¢620 million liquidity support given to the then-struggling bank by the Bank of Ghana.
William Ato Essien, Rev. Fitzgerald Odonkor and Tetteh Nettey, a former Managing Director of MC Management Service owned by Mr. Essien were charged with 23 counts of conspiracy, stealing from the ¢620 million liquidity support given to the bank by the Bank of Ghana (BoG), to enable it to service its maturing debt.
The accused persons, according to the prosecution, opened various bank accounts with Capital Bank through which the ¢620 million BoG liquidity support was transferred while others were carried in jute bags to Ato Essien.
Latest Stories
-
Meet 2 Ghanaian entrepreneurs on a mission to connect 1m African professionals to global companies by 2034
14 mins -
NCA approves Starlink’s satellite broadband application
15 mins -
Government orders FGR to revamp mining operations; assures workers of commitment to their welfare
21 mins -
Arne Slot philosophy could suit Liverpool – Van Dijk
31 mins -
EC replies Mahama: You also appointed someone who was tagged NDC
39 mins -
See colourful outdoor of Prof Naana Opoku-Agyemang as NDC’s running mate
1 hour -
Akufo-Addo commissions 15MWP Kaleo Solar Power Plant
1 hour -
GCB Bank PLC leads African financial integration, hosts ZICB delegation
1 hour -
Empowering Girls in ICT: FAWE Ghana advocates for gender equality in the Tech sector
3 hours -
Rangnick ‘contacted by Bayern Munich’ about manager job
3 hours -
Winneba Youth Choir celebrates 35th Anniversary with Aseda Concert sponsored by Fidelity Bank
3 hours -
Bonwire residents reject Agya Koo’s endorsement of Ejisu NPP MP aspirant
3 hours -
SSNIT to run out of reserves due to deficits – ILO
3 hours -
Lagos officials eye Jospong Group’s eco-friendly waste management module
3 hours -
Photos: NDC outdoors Prof Naana Opoku-Agyemang as running mate
3 hours