Reports on my role in Capital Bank collapse ‘incorrect’ – Ato Essien

Reports on my role in Capital Bank collapse ‘incorrect’ – Ato Essien

- William Ato Essien has described as “factually incorrect” the Bank of Ghana’s report that implicates him

- According to the former director of the defunct Capital Bank, there are several aspects of the circulating report in the media about him that are false

- He has asked Ghanaians to be patient as EOCO continues with investigations

Former director of the collapsed Capital Bank, William Ato Essien, has said that the Bank of Ghana’s report that implicates him in the collapse of the bank is “factually incorrect.”

According to him, the matter is currently inconclusive and that he has been under investigation by the Economic and Organized Crime Organization (EOCO) for the past six months.

Ato Essien, in a statement through his lawyers, said reports that are circulating about his involvement in the collapse of the bank do not tell the full story.

Reports on my role in Capital Bank collapse ‘incorrect’ – Ato Essien

Director of defunct Capital Bank, William Ato Essien. Photo credit: Citinewsroom.com

READ ALSO: 3 things Capital, UT Bank liquidation support could’ve bought for Ghana's health sector

He, therefore, described reports that implicate him in the matter as “factually incorrect.”

There are several aspects of the circulating reports that are factually incorrect,” a statement from his lawyers said.

The Capital Bank is one of the local banks that have been collapsed by the Bank of Ghana over their insolvency.

A detailed investigative report revealed that Ato Essien and the Board Chairman of Capital Bank used monies they received from the Central Bank as financial support to for other purposes, including securing the license for another collapsed bank, Sovereign Bank.

However, Ato Essien insists reports implicating him are skewed because the Economic and Organized Crime Office (EOCO) is yet to come out with its findings concerning his investigation.

READ ALSO: Nana Addo reshuffles 7 ministers in latest shake-up

Our client and other directors/shareholders have been thoroughly investigated by the Economic and Organized Crime Office (EOCO) over the last six months which is continuing… As far as our client is aware of, EOCO has not issued its findings on the investigations yet,” the statement stressed.

We urge the press to, therefore, be circumspect in their reportage and await the outcome or findings of the EOCO investigations,” it added.

Ghana News Today: Shatta Waly May Become A President Of Ghana | #Yencomgh

Subscribe to watch new videos

READ ALSO: I will not change Ghana’s stance on homosexuality – Akufo-Addo

Do you have a hot story or scandal you would like us to publish on YEN.com.gh? Please contact us on Facebook or Instagram now!

Source: Yen.com.gh

Related news
Customers reveal why BoG and SEC should be blamed for Menzgold’s brouhaha

Customers reveal why BoG and SEC should be blamed for Menzgold’s brouhaha

Customers reveal why BoG and SEC should be blamed for Menzgold’s brouhaha
YEN.com.gh
Mailfire view pixel