Tag: Ato Essien
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Former Capital Bank CEO Ato Essien jailed 15 years
Former Chief Executive Officer of defunct Capital Bank, Ato Essien has been sentenced to 15 years imprisonment with hard labour. This follows his failure to pay in full an amount of GH¢90 million he agreed to pay the state despite several lifelines given him since December 2022. Ato Essien pleaded guilty to 16 counts of…
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Court gives Ato Essien grace period to settle restitution money
Former Chief Executive Officer of defunct Capital Bank, Ato Essien has been given a grace period up to July 4 to redeem his financial obligations under a plea deal he entered with the state. The Attorney General was expected to move an application on whether Ato Essien should be jailed for not paying GH¢20 million…
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Court accepts Ato Essien’s GH¢90m repayment terms
An Accra High Court has changed its position and accepted the GH¢90 million repayment terms on Ato Essien’s restitution deal. The Court presided over by Justice Eric Kyei Baffour last week rejected the settlement deal between state prosecutors and the embattled founder of now-defunct Capital Bank, Ato Essien. Justice Eric Kyei Baffour, a Justice of…
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Ato Essien, 3 others granted bail by High Court
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…
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Read: Charge Sheet of Ato Essien, 3 others over Capital Bank collapse
The state has charged William Ato Essien, founder of defunct Capital Bank, together with three others with 26 offenses leading to the collapse of Capital Bank in 2017. The charge sheet presented to an Accra High Court also included three others: Fitzgerald Odonkor, Tetteh Nettey and Kate Quartey-Papafio who played various roles at the Bank…
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I can’t be prosecuted; I did no wrong — Ato Essien
The founder of defunct Capital Bank, William Ato Essien, says he does not expect to be dragged to court following comments by the Attorney General that it will soon take legal actions against persons who contributed to the banking crisis. On Metro TV’s Good Evening Ghana, he maintained that there was no malfeasance in the…