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State sues Ato Essien, & co over Capital Bank collapse

source:kasapafmonline.com

The founder of Defunct Capital Bank, William Ato Essien and three other top managers of the collapsed bank have been sued by the state.

The others joined to the suit are  Fitzgerald Odonkor, Kate Quartey-Papafio, and Tetteh Nettey.

They’re slapped with at least 26 different counts of charges including stealing and money laundering.

The state, on one count, accused William Ato Essien and Tetteh Nettey of “conspiracy to steal contrary to sections 23 (1) and 124 (1) of the Criminal Offences Act, 1960 (Act 29).”

“William Ato Essien and Tetteh Nettey between October and November 2015 in Accra in the Greater Accra Region agreed to act together with a common purpose to steal the sum of GHc100,000,000,” the writ sighted by Kasapafmonline.com stated.

The prosecution comes barely a month ago when Ato Essien claimed Finance Minister Ken Ofori Atta and board chairman of the Enterprise Group Keli Gadzekpo proposed to buy his bank in 2016.

“If the bank was that bad would the current finance minister and the board chairman of Enterprise Keli Gadzekpo come to my office to say we are interested to buy Capital bank? Ken Ofori Attah came to my office in 2016 to make that proposal,” he told Paul Adom-Otchere in an interview on Good Evening Ghana on Metro TV.

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Paul Mensah Makiso Dalibabu

I am a versatile Journalist, News Editor at My News Ghana, Technology Entrepreneur and Motivational Speaker. I believe my work as a Journalist,Entrepreneur and Motivational Speaker are calls and I do them with PASSION, thereby live up to the ethical standards of the professions. Am also known by friends as Paul Lingual. Contact me(paulmensahdalibabu@gmail.com)

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