Tag: William Ato Essien
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Capital Bank collapse: Ato Essien willing to refund GHS27m to the state
Lawyers for the former Chief Executive Officer (CEO) of defunct Capital Bank, William Ato Essien, who is facing trial for the collapse of the financial institution, have indicated that their client is willing and ready to return about GHS 27 million to the state. Mr. Ato Essien has begun negotiations with the Attorney General to…
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Capital Bank collapse: Ato Essien wants some charges dropped after paying GHS1.4m
The former Chief Executive Officer (CEO) of defunct Capital Bank, William Ato Essien, who is facing trial for the collapse of the financial institution, has begun negotiations with the Attorney General to have some of the charges brought against him dropped. His lawyers revealed that he has paid close to GHS1.4 million, and also given…
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Capital bank collapse: Ato Essien, two others owed GH¢79.9m
An internal report on the erstwhile Capital bank has shown that the bank’s founder, William Ato Essien and two others, were indebted to the bank to the tune of 79.9 million cedis (GH¢79,937,812) as at the time the bank collapsed. This represented about 60 percent of the total Third Party Funds. The report mentioned William…
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Leaked UT, Capital bank report independent of investigations – PwC
The Joint Receivers of defunct UT and Capital banks, PricewaterhouseCoopers (PwC), has ruled out any impact of disclosures on questionable dealings by the former directors and shareholders, on its investigations. Documents sighted by Citi Business News have showed that the former shareholders of the two banks, engaged in related party transactions among other unapproved activities…