An Accra High Court has granted bail in the sum of GH¢200 million to the founder of defunct Capital Bank Ato Essien in the ongoing trial relating to the collapse of the bank.
The court also asked for two sureties of which the persons standing in should be of good standing in society. The same bail condition was granted to former MD of the Bank Fritzgerald Odonkor and CEO of MC Management Company, Tetteh Nettey.
The fourth accused person, CEO of Reroy Cables, Kate Papafio Quartey was also granted bail of seventy-five million cedis with two sureties.
They all pleaded not guilty.
The judge Justice Kyei Baffour ordered the prosecution to give all documents and records they will rely on as evidence to lawyers of the accused persons.
The four accused persons are facing 26 counts of charges which include stealing, money laundering and abetment to steal.
The case has been adjourned to 18th November for case management.